Logo of Thob Al Aseel Co.

Shareholders of Thob Al Aseel Co. approved increasing the company's capital by 33.33%, during the extraordinary general meeting (EGM) held on Oct. 21.

 

The capital will increase to SAR 400 million from SAR 300 million through one-for-three bonus share distribution. 

 

Key Figures of Capital Increase

Current Capital

SAR 300 mln

Number of Shares

30 mln

Increase (%)

33.33% (one share for every three shares held)

New Capital

SAR 400 mln

New Number of Shares

40 mln

Eligibility Date

Oct. 21 for shareholders registered with Edaa at the end of the second trading day following the eligibility date

Driver

Strengthening the company's capital to match the size of its business and future plans, as well as maintaining its solvency

Method of Increase

Capitalizing SAR 100 million from retained earnings and other reserves

Comments 0

Be the first to comment

loader Train
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.

Market Indices

TASI
11,725.88
20.95 0.18 %
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,680.0011,700.0011,720.0011,740.0011,760.00
Close : 11725.88 | Mar 13, 15:20
More

Quotes

ALASEEL
4.00
0.08 2.04%
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:003.903.933.953.984.004.03
Close : 4.00 | Mar 13, 15:20
More


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website