One of Mouwasat’s hospital
Mouwasat Medical Services Co.'s shareholders will discuss the board’s recommendation to increase capital by 100% to SAR 2 billion, through a one-for-one bonus share distribution, during the extraordinary general meeting (EGM) that will be held on Aug. 7, according to a statement to Tadawul.
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Capital Increase Details |
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Current Capital |
SAR 1 bln |
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Number of Shares |
100 mln |
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Percentage of Increase |
100% (1-for-1 bonus share distribution) |
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New Capital |
SAR 2 bln |
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Number of Shares |
200 mln |
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Method |
Through capitalizing SAR 1 bln of retained earnings and listing new shares of a previously listed share class by distributing one share for each owned share |
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Reason |
To enhance the company's strategic asset growth plan, expand its medical network, and emphasize its financial solvency and strength. |
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Record Date |
Aug. 7, 2023 (Shareholders registered with Edaa by the end of the second trading day following the record date) |
Fractional shares, if any, will be compiled in one portfolio and sold at the market price. The sale proceeds will be distributed among eligible shareholders pro rata within 30 days.
Fluctuation limits will be based on a stock price of SAR 240.00 on May 15, 2023. Outstanding orders will be cancelled.
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