Jarir Board OKs Capital Increase

Author: 
Arab News
Publication Date: 
Mon, 2005-10-10 03:00

JEDDAH, 10 October 2005 — Jarir Marketing Company board of directors in their meeting agreed to increase their capital from SR240 million to SR300 million. The board of directors also agreed to give one extra share for every four stocks. The stocks will increase from 4,800,000 to 6,000,000 shares, which is an increase by 1,200,000 shares.

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