Bupa Arabia for Cooperative Insurance Co.’s shareholders have approved a 50 percent capital hike to SAR 1.2 billion from SAR 800 million through bonus shares, during the general assembly meeting held on Thursday.
The capital hike aims to strengthen capital base and support future activities.
Shareholders of record at the extraordinary general assembly meeting, including those registered at the Securities Depository Center two days after this date, will be eligible to receive the bonus shares.
|
Key Figures of Capital Hike |
|
|
Current Capital |
SAR 800 mln |
|
Number of shares |
80 mln shares |
|
Hike (%) |
50% (1 for every 2 shares) |
|
New Capital |
SAR 1.2 bln |
|
New number of shares |
120 mln shares |
|
Record date |
General assembly meeting |
|
Method |
Bonus shares |
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