Logo of Retal Urban Development Co.
Retal Urban Development Co.’s board of directors recommended increasing the company’s capital by 25% to SAR 500 million via a 1-for-4 bonus-share distribution, according to a statement to Tadawul.
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Details of Capital Increase |
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Current capital |
SAR 400 mln |
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Number of shares |
50 mln |
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Percentage of increase |
25% (1 share for every 4 shares owned) |
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New capital after increase |
SAR 500 mln |
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Number of shares |
500 mln |
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Reason |
To bolster the company's capital base and future activities. |
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Method |
Distributing 1 share for every 4 shares held through capitalizing SAR 100 mln from retained earnings and SAR 30.3 million from statuary reserves. |
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