Saudi Advanced Industries Company’s (SAIC) BOD recommended 15.7 % capital raise (from SAR 432m to SAR500 m) in a meeting held Monday October 27, 2014.
The Capital raise is to take place by issuing one bonus share to each 6.35 shares owned by registered shareholders.
By this issuance the number of outstanding shares will increase from 43.20m shares to 50m.
|
Capital raise details |
|
|
SAR 432 mn |
Current capital |
|
43.20 mn shares |
Number of shares |
|
15.7% ( 1 for every 6.35 shares) |
Capital raise (%) |
|
SAR 500 mn |
New capital |
|
50 mn shares |
# of Shares after raise |
|
Extraordinary GA day |
Record date |
|
Investment expansion |
purpose of capital raise |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}