A 33.3% Capital raise of Arriyadh Development Company (ARDCO) (from SAR 10bn to SAR 13.3bn) was recommended in the extraordinary general assembly meeting held on 20/1/2014. The raised capital will be used to finance the company’s future expansions.

 

The Capital raise is to take place by issuing one bonus share to each 3 shares owned by registered shareholders, as SAR 333.3m of retained earnings will be capitalized.

 

By this issuance the number of outstanding shares will increase from 100,000,000 shares to 133,300,000 shares.

Comments 0

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 © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website