Tadawul: Alhokair Group goes ex-rights today

08/07/2021 Argaam

Logo of Alhokair Group

Shares of Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) have their ex-rights today, July 8, in case the capital increase is approved.

 

Shareholders of Alhokair Group are set to vote on a 37.64% capital reduction from SAR 550 million to SAR 343 million, during an extraordinary general meeting (EGM) scheduled today.

 

On the other hand, they will also vote on increasing capital through SAR 307 million rights issue, to boost the company’s solvency and reduce borrowing rates.

 

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