Publication Date:
Mon, 2011-09-12 00:43
Such increase will be paid by transferring an amount of SR139 million from retained earnings account and an amount of SR170.93 million from consensual reserve to the company’s capital, according to Tadawul website.
Consequently, increasing company’s outstanding shares from 69 million shares to 100 million shares, by an increase of 30.99 million shares. The bonus shares eligibility is limited to the shareholders who are registered in the shareholders registry at the close of trading on the day of the extraordinary general assembly, which will be determined later by the company’s board, and should be held within six months from the approval date.
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