Al Tayyar Group approves 33.3% capital raise

04/03/2015 Argaam

Al Tayyar Travel Group approved in its extraordinary general assembly on Wednesday 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 1,500 mln

Current capital

150 mln shares

Number of shares

33.33% (1 share for every 3)

Capital raise percentage

SAR 2,000 mln

New capital

200 mln shares

Number of shares after raise

March 4, 2015

Record date

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