Dallah Healthcare Co.’s shareholders have approved a 27.1 percent capital hike to SAR 750 million from SAR 590 million through issuance of 0.27 bonus share for every one share held, the company said in a bourse statement.
The fluctuation limit after capital hike will be based on a share price of SAR 52.30, the Saudi Stock Exchange (Tadawul) said in a statement on Wednesday.
The additional shares will be deposited into investor portfolios on Sunday, Mar. 3.
Last month, Saudi Arabia’s Capital Market Authority (CMA) approved Dallah’s request to increase its capital from SAR 590 million to SAR 750 million, Argaam reported.
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Key Figures of the Capital Hike |
|
|
Current Capital |
SAR 590 mln |
|
Number of shares |
59 mln shares |
|
Hike (%) |
27.1% (0.27 for every 1 share) |
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New Capital |
SAR 750 mln |
|
New number of shares |
75 mln shares |
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Record date |
Feb. 26, 2019 |
|
Driver |
Supporting the company’s capital |
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