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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