Logo of Intelligent Oud Company for Trading (iOud)
Shareholders of Intelligent Oud Company for Trading (iOud) are set to vote on the board’s recommendation on a 20% capital hike during the extraordinary general meeting (EGM) slated for Aug. 15, according to a statement to Tadawul.
They will vote on a one-for-five bonus issue to raise the company’s capital by 20% through capitalizing SAR 3.25 million in retained earnings.
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Capital Hike Details |
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Current Capital |
SAR 16.25 mln |
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Current Number of Shares |
1.62 mln |
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Percentage of Increase |
20% (1-for-5 bonus share distribution) |
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New Capital |
SAR 19.50 mln |
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New Number of Shares |
1.95 mln |
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Method |
Capitalizing SAR 3.25 mln from retained earnings account |
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Reason |
To boost the company's capital base and enhance future growth plans. |
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Record Date |
Aug. 15, 2024 (Shareholders on record date and those registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date). |
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