SASCO approves raising capital to SAR 540 mln

07/05/2015 Argaam

Saudi Automotive Services Company (SASCO) said it approved on Thursday raising its capital from SAR 450 million to SAR 540 million through the issuance of one bonus share for every five shares.

The company also elected seven new board members for the coming three-year term, which begins on June 30.

 

Capital Raise Details

SAR 450 mln

Current capital

45 mln shares

Number of shares

20% ( one share for every 5shares)

Capital raise percentage

SAR 540 mln

New capital

54 mln shares

Number of Shares after raise

May 6, 2015

Record date
 

 

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