Development Works for Food recommends 100% capital hike through bonus shares

10/04/2019 Argaam

 

Development Works for Food Co.’s board of directors has recommended a 100 percent capital hike to SAR 25 million from SAR 12.5 million through the issue bonus shares.

 

The process is pending approval from the general assembly and regulator. 

 

Key Figures of the Capital Hike

Current Capital

SAR 12.5 mln

Number of shares

1.25 mln

Hike (%)

100% (1 share for every 1 shares)

New Capital

SAR 25

New number of shares

2.5 mln

Record date

General assembly meeting

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