Al Kathiri Holding

Shareholders of Al Kathiri Holding Co. approved a 25% capital hike to SAR 113.02 million from SAR 90.42 million through the issuance of bonus shares, during the extraordinary general assembly meeting (EGM) held on June 23.

 

The capital will be raised through the distribution of one bonus share for every four shares held and the transfer of SAR 22.6 million from retained earnings to the company's capital.

 

Key Figures of the Capital Hike

Current Capital

SAR 90.42 mln

Number of shares

9.04 mln

Hike (%)

25% (1 share for every 4 outstanding shares)

New Capital

SAR 113.02 mln

New number of shares

11.30 mln

Record date

Shareholders owning shares on June 23 and are registered with the Securities Depository Center (Edaa) at the end of the second trading day following the due date

Driver

Support company’s financial position and future expansions

Method

Capitalizing SAR 22.60 mln from retained earnings account

 

In a separate statement, the Saudi Exchange (Tadawul) said that the fluctuation limits for Al Kathiri Holding will be based on a share price of SAR 84.60. All outstanding orders will be cancelled.

 

Furthermore, Edaa will deposit the additional shares into the investors’ portfolios on June 28.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

CMA approves Al Kathiri's 25% capital hike through bonus shares
Al Kathiri recommends 25% capital hike through bonus shares

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request