Electrical Industries shareholders to vote on 25% bonus issue on June 21

Logo of Electrical Industries Co.

Electrical Industries Co.'s shareholders will vote on increasing capital by 25% to SAR 562.50 million through a one-for-four bonus share distribution, during the extraordinary general meeting (EGM) scheduled for June 21.

 

Capital Increase Details

Current Capital

SAR 450 mln

Number of Shares

45 mln

Percentage of Increase

25%

Method

Distribution of one share for every four held shares by capitalizing SAR 112.5 million from retained earnings

New Capital

SAR 562.50 mln

Number of Shares

56.25 mln

Reason

Supporting and strengthening the financial position to achieve the business growth strategy

Record Date

 

Shareholders of record by the close of trading on the EGM date and those who are registered with Edaa by the end of the second trading day following the EGM date
 

In case of fractional shares, they will be compiled in one portfolio and will be sold at market price. Proceeds will be distributed to shareholders on a pro rata basis, within 30 days, according to a statement to Tadawul.

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
12,025.05
54.86 0.46 %
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,950.0011,975.0012,000.0012,025.0012,050.0012,075.00
Close : 12025.05 | Mar 27, 15:20
More

Quotes

EIC
6.06
0.12 2.02%
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:005.905.956.006.056.10
Close : 6.06 | Mar 27, 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