Dallah Health gets CMA approval for 25% capital raise

The Capital Market Authority (CMA) gave Dallah Healthcare the go-ahead on Tuesday to raise its capital 25 percent to SAR 590 million from SAR 472 million, pending the fulfillment of other regulatory bodies.

The healthcare services provider will issue one-for-four bonus shares. Accordingly, the company’s outstanding shares will rise from 47.2 million to 59 million.

The increase will be financed by transferring SAR 118 million from the retained earnings account to Dallah’s capital.

Only shareholders registered by the day of the extraordinary general assembly (EGM) will be eligible for bonus shares. The EGM date will be announced at a later date.