Regulator approves Mouwasat’s capital hike request

22/03/2018 Argaam

 

Saudi Capital Market Authority (CMA) approved today the request of Mouwasat Medical Services Company to double its capital to SAR 1 billion from SAR 500 million by issuing bonus shares.

 

The capital hike will be covered by transferring SAR 500 million from retained earnings to capital, thereby increasing outstanding shares to 100 million.

 

An extraordinary general assembly will be held within six months to approve the corporate action.

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