Herfy’s BOD approves 10% capital raise

A 10% capital raise of Herfy food services Company (from SAR 300m to SAR 330m) was approved in the Extraordinary general assembly meeting that was held on 20 April, 2013 to support the company's future expansions.

The Capital raise is to take place by issuing one bonus share to each ten outstaning shares owned by registered shareholders as SAR 30m of retained earnings will be capitalized.

By this issuance the number of outstanding shares will be increased from 30,000,000 shares to 33,000,000.