Shareholders of National Building and Marketing Co. (NBM) will vote on increasing capital to SAR 120 million from SAR 60 million, during the extraordinary general assembly meeting scheduled for Dec. 31.

 

The capital will be increased through the issuance of 100% bonus shares at one share for every share held, the Nomu-listed company said in a bourse filing.

 

Key Figures of the Capital Hike

Current Capital

SAR 60 mln

Number of shares

6 mln

Hike (%)

100% (1 share for every 1 share held)

New Capital

SAR 120

New number of shares

12 mln

Eligibility date

By the close of trading on the second day

Driver

Boost the capital base and future operations, so as to contribute to higher growth rates and investment diversification over the next few years

Method

Capitalizing SAR 60 mln of retained earnings

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request