Al Tayyar shareholders to vote on capital hike on April 14

24/03/2019 Argaam

 

Al Tayyar Travel Group's shareholders are set to vote on a 43 percent capital hike to SAR 3 billion from SAR 2.096 million through bonus shares during the extraordinary general assembly meeting that will be held on April 14, 2019.

 

The EGM will also vote on allocating 6.49 million shares to set up an employee stock incentive program.

 

Key Figures of the Capital Hike

Current Capital

SAR 2,096.5 mln

Number of shares

209.65 mln shares

Hike (%)

43% (2 shares for every 5 shares held)

New Capital

SAR 3,000 mln

New number of shares

300 mln shares

Record date

April 14, 2019

Driver

To finance expansions

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