Jarir Marketing Co.’s shareholders are set to vote on a 33.3 percent capital hike to SAR 1.2 billion from SAR 900 million, on October 28, 2018.
Key Figures of the Capital Hike |
|
Current Capital |
SAR 900 mln |
Number of shares |
90 mln shares |
Hike (%) |
33.33% (1 for every 3 shares) |
New Capital |
SAR 1.2 bln |
New number of shares |
120 mln shares |
Method |
Bonus shares |
Record date |
October 28, 2018 |
Driver |
To match the company's capital to its assets. |
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