Alkhabeer Capital, an asset management company specializing in alternative investments, announced that it has increased its paid-up capital by SR81.3 million ($21.6 million). The 10 percent increase to SR894.5 million follows the approval of its shareholders at the company’s 7th annual general meeting
This increase will add 8.1 million shares, bringing the total number of shares to 89.4 million. The new shares will be distributed as stock dividends to current shareholders of the company.
Chairman of Alkhabeer Capital Musaad Mohammad Saad Aldrees said: “The decision to increase paid-up capital underscores the trust and confidence shareholders have in Alkhabeer’s senior management and our growth strategy. Moreover, this increase is in line with Alkhabeer Capital’s mission of delivering sustainable and superior long-term returns to its shareholders.”
Alkhabeer Capital CEO Ahmed Saud Ghouth said: “Increasing the company’s paid-up capital provides us with a greater level of flexibility and resilience.”
Alkhabeer Capital is in a stronger financial position to capitalize on lucrative investment opportunities across our key target sectors, an important step in delivering great value to our clients and shareholders.”
