Tabuk Agriculture Development Company’s general assembly approved in its meeting held on Tuesday a 125 percent capital raise from SAR 200 million to SAR 450 million, as shown in the following table:
|
Capital raise details |
|
|
SAR 200 mln |
Current capital |
|
20 mln shares |
Number of shares |
|
125% |
Capital raise (%) |
|
SAR 450 mln |
New capital |
|
45 mln shares |
# of Shares after raise |
|
Through a rights issue |
Capital raise method |
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