National Building & Marketing Co.

National Building & Marketing Co.’s (NBM) shareholders approved, on Dec. 31, 2020, the board’s recommendation on increasing capital from SAR 60 million to SAR 120 million through the issuance of 100% bonus shares (1-for-1), according to a bourse filing.

 

NBM’s daily trading fluctuation limit will be based on a share price of SAR 457.40 as of today, Jan. 3, 2021. The outstanding orders will be canceled and the Securities Depository Center (Edaa) will deposit the bonus shares to the investor’s portfolios before Tuesday, Jan. 5, 2021.

 

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.

Related News

National Building shareholders to vote on 100% capital hike on Dec. 31

Popular Links

Quick Links

Join Us

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