Al Kathiri Holding Co.’s shareholders are set to vote on 20 percent capital hike to SAR 45.21 million during the extraordinary general assembly meeting that will be held on April 23, 2019.
The capital hike aims to support the company’s capital base and future activities.
|
Key Figures of the Capital Hike |
|
|
Current Capital |
SAR 37.67 mln |
|
Number of shares |
3.77 mln |
|
Hike (%) |
20% (1 share for every 50 shares) |
|
New Capital |
SAR 45.21 mln |
|
New number of shares |
4.52 mln |
|
Record date |
April 23, 2019 |
|
Financing |
The process will be financed through capitalizing SAR 7.53 mln from retained earnings account |
|
Driver |
To boost the company’s capital to match its business size and future plans. |
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