Tadawul sets fluctuation limit for Al-Samaani after capital hike

12/04/2018 Argaam

 

Al-Samaani Factory for Metal Industries Co.’s fluctuation limit for its capital increase will be based on a share price of SAR 45.93, the Saudi Stock Exchange (Tadawul) said in a statement on Thursday.

 

The additional shares will be deposited into investor portfolios on April 16, it added.

 

Al-Samaani’s extraordinary general assembly on April 11 approved increasing capital to SAR 15 million from SAR 11.25 million, through a 1:3 bonus issue.

 

The capital raise will be financed by SAR 3.8 million in retained earnings.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read