Farm Superstores secures regulatory approval of capital increase

25/08/2014 Argaam

Saudi Capital Market Authority (CMA) approved the request of Farm Superstores to increase its capital from SAR 250 million to SAR 350 million by issuing two bonus shares to each outstanding five shares.

The authority said the capital increase will be covered by transferring a hundred million riyals from retained earnings.

Only the shareholders registered at the end of trading on the extraordinary general assembly meeting date will be entitled to the bonus shares.

The general assembly meeting date shall be within six months from the date of regulatory approval.

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