Dallah Healthcare Co.’s shareholders are set to vote on a 27.12 percent capital hike to SAR 750 million from SAR 590 million through the issue bonus shares on Feb. 26, 2019, the company said in a bourse statement.
Shareholders will also vote on buying up to 3.75 million shares of the company’s shares and keeping them as treasury stocks in case of approving the capital hike or acquiring up to 2.95 million shares instead if the capital hike is rejected.
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Key Figures of the Capital Hike |
|
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Current Capital |
SAR 590 mln |
|
Number of shares |
59 mln shares |
|
Hike (%) |
27.12% (0.2712 share for every 1 share) |
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New Capital |
SAR 750 bln |
|
New number of shares |
75 mln shares |
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Method |
Bonus shares |
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Record date |
Feb. 26, 2019 |
|
Driver |
To match the company's capital to its assets. |
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