Almarai gets CMA nod on 25% capital increase

18/06/2017 Argaam

The Saudi market regulator, the Capital Market Authority (CMA), has approved Almarai Co.’s request to increase capital by 25 percent to SAR 10 billion through bonus shares issue, the company said in a statement.

 

Almarai’s capital will be hiked from SAR 8 billion (800 million shares) to SAR 10 billion (1 billion shares), through issuing 1 bonus shares for each four outstanding shares.

  

The capital increase will be funded by SAR 2 billion from retained earnings, Almarai said.

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.