Amiantit Approves Capital Increase

Author: 
Arab News
Publication Date: 
Tue, 2005-07-19 03:00

JEDDAH, 19 July 2005 — Director general and CEO of Amiantit, Farid Al-Khelawi, announced that the company’s general assembly in its meeting yesterday had approved increasing the company’s capital from SR770 million to SR1.155 billion. The increase would be done by issuing initial right stocks with subscription limited to shareholders registered by the end of the day yesterday thus increasing the company’s shares from 15.4 million 23.1 million.

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