RIYADH: Aljouf Mineral Water Bottling Co. has been given Saudi Arabia’s Capital Market Authority's regulatory nod for a 50 percent capital hike to SR47 million ($13 million).
The company said in a bourse filing that it will raise its capital from SR31 million through the distribution of one-for-two bonus shares.
The increase will be paid from retained earnings by transferring SR16 million to the company's capital, resulting in an increase of 1.56 million shares from 3.13 million to 4.69 million.
