Al Tayyar board recommends 33.3% capital raise

14/01/2015 Argaam

Al Tayyar Travel Group’s board of directors recommended in its meeting held on Tuesday a 33.3 percent capital raise from SAR 1,500 million to SAR 2,000 million through the issuance of bonus shares.
 

Capital Raise Details

SAR 1500 mln

Current capital

150 mln shares

Number of shares

33.33% ( one share for every three shares)

Capital raise percentage

SAR 2000 mln

New capital

200 mln shares

Number of Shares after raise

General Assembly day

Record date
 

 

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