A 33.3 % Capital raise of Budget Company (from SR 183,000,000 to SR 244,666,670 ) was approved in BOD meeting that was held on 17/01/2012. The proposed capital raise will be used to support the expansion plans.
The Capital raise is to take place by issuing one bonus share to each 3 shares owned by registered shareholders.
By this issuance the number of outstanding shares will increase from 18,300,000 shares to 24,400,000 shares.