Almarai Co.’s extraordinary general assembly on Sunday approved the board recommendation to increase capital by 25 percent to SAR 10 billion, from SAR 8 billion through a bonus share issue, the company said in a bourse statement.
The Saudi Stock Exchange said in a separate statement that the fluctuation limits on Monday for Almarai will be based on a share price of SAR 55.95. The Securities Depository Center (Edaa) will deposit the additional shares into the investor portfolios by Oct. 11, it added.
|
Capital Hike Details |
|
|
Current capital |
SAR 8 bln |
|
Current No. of shares |
800 mln |
|
Percentage of Increase |
25 percent (1-for-4 bonus shares) |
|
Post-increase capital |
SAR 10 bln |
|
Post-increase shares |
1,000 mln |
|
Eligibility Date |
Oct. 8, 2017 |
|
Purpose |
Matching capital to assets size |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}