Jarir shareholders to vote on capital hike on Oct. 28

26/09/2018 Argaam

 

Jarir Marketing Co.’s shareholders are set to vote on a 33.3 percent capital hike to SAR 1.2 billion from SAR 900 million, on October 28, 2018.

 

Key Figures of the Capital Hike

Current Capital

SAR 900 mln

Number of shares

90 mln shares

Hike (%)

33.33% (1 for every 3 shares)

New Capital

SAR 1.2 bln

New number of shares

120 mln shares

Method

Bonus shares

Record date

October 28, 2018

Driver

To match the company's capital to its assets. 

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