Dallah Healthcare Co.’s board of directors has recommended a 27.12 percent capital hike to SAR 750 million from SAR 590 million through the issue bonus shares.

 

The capital hike aims to match the company's capital to its assets.

 

The process is pending approval from the general assembly and regulator. 

 

Key Figures of the Capital Hike

Current Capital

SAR 590 mln

Number of shares

59 mln shares

Hike (%)

27.12% (0.2712 share for every 1 share)

New Capital

SAR 750 bln

New number of shares

75 mln shares

Method

Bonus shares

Record date

General assembly meeting

Driver

To match the company's capital to its assets. 

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