Aslak’s board recommends 12.5% capital raise

Aslak’s board recommended 12.5% capital raise (from SAR 390m to SAR 438.75m) in a meeting held yesterday. The capital raise is intended to support the company's future expansions, the company said.

The Capital raise is to take place by issuing one bonus share to each eight shares owned by registered shareholders.

By this issuance the number of outstanding shares will be increased from 39m shares to 43.88m shares.