Budget-Saudi 33.3% Proposed Capital raise

18/01/2012 Tadawul

A   33.3 % Capital raise of Budget Company (from SR 183,000,000 to SR 244,666,670   ) was approved in BOD meeting that was held on 17/01/2012. The proposed capital raise will be used to support the expansion plans.

 

The Capital raise is to take place by issuing one bonus share to each 3 shares owned by registered shareholders.

 

By this issuance the number of outstanding shares will increase from 18,300,000 shares to 24,400,000 shares.           

Comments {{getCommentCount()}}

Be the first to comment

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.