Logo of Al-Jouf Mineral Water Bottling Co.
Al-Jouf Mineral Water Bottling Co.’s shareholders are set to vote on increasing capital by 50% through a one-for-two bonus share distribution, during the extraordinary general assembly meeting (EGM) scheduled for Jan. 24, 2023.
|
Details of Bonus Issue |
|
|
Current Capital |
SAR 31.25 mln |
|
Number of Shares |
3.13 mln |
|
Percentage of Increase |
50% (1 bonus share for every 2 shares held) |
|
New Capital |
SAR 46.88 mln |
|
Number of Shares |
4.69 mln |
|
Reason |
To support and enhance the company’s future activities. |
|
Method |
Capitalizing SAR 15.63 mln from retained earnings account. |
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Record Date |
Jan. 24, 2023, including shareholders of record in the issuer’s register with the Securities Depository Center Co. (Edaa) by the close of the second trading day following this date. |
In June, Al-Jouf Mineral Water’s board of directors recommended increasing the company’s capital by 50% through a one-for-two bonus share distribution, Argaam earlier reported.
The Capital Market Authority (CMA) gave the green light for company’s request to increase its capital in November.
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