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The eligibility period for Thob Al Aseel Co.’s bonus shares for capital hike ends today, Oct. 21, in case approved by the company’s general assembly.

 

In July, the company’s board of directors recommended a 33.3% capital hike to SAR 400 million from SAR 300 million through the issuance of bonus shares, according to data compiled by Argaam.

 

The capital hike is intended to strengthen the company's capital to match the size of its business and future plans.

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