Tabuk Agriculture’s general assembly approved 125% capital raise

06/01/2015 Argaam

Tabuk Agriculture Development Company’s general assembly approved in its meeting held on Tuesday a 125 percent capital raise from SAR 200 million to SAR 450 million, as shown in the following table:
 

Capital raise details

SAR 200 mln

Current capital

20 mln shares

Number of shares

125%

Capital raise (%)

SAR 450 mln

New capital

45 mln shares

# of Shares after raise

Through a rights issue

Capital raise method
 

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