Jabal Omar says fractional shares remain on capital hike

05/09/2022 Argaam

Logo of Jabal Omar Development Co.

Jabal Omar Development Co. stated that some fractional shares remained from the capital increase through debt conversion, according to a bourse filing.

 

On Aug. 25, the company’s shareholders approved the board’s recommendation to increase capital by 24.22% from SAR 9.29 billion to SAR 11.55 billion through converting SAR 5.30 billion of debt owed by the company to Alinma Makkah Real Estate Fund, according to data available with Argaam.

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