Abdullah Al Othaim Markets Co.’s board of directors has recommended a 100 percent capital hike to SAR 900 million from SAR 450 million, through the issue of one bonus share for every one share held.
The capital hike, which will be financed from retained earnings account, aims to support the company's strategic growth plans and expanding its business and branches.
The process is pending approval from the general assembly and market regulator.
|
Key Figures of the Capital Hike |
|
|
Current Capital |
SAR 450 mln |
|
Number of shares |
45 mln shares |
|
Hike (%) |
100% (1 for every 1 share) |
|
New Capital |
SAR 900 mln |
|
New number of shares |
90 mln shares |
|
Method |
Bonus shares |
|
Driver |
Supporting expansion plans |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}