Naba Alsaha shareholders to vote on 50% capital hike via bonus issue on Nov 19

29/10/2023 Argaam
Logo ofNaba Alsaha Medical Services Co.

Logo of Naba Alsaha Medical Services Co.

Naba Alsaha Medical Services Co.’s shareholders are set to vote on a board recommendation to increase capital by 50% to SAR 105 million via a 1-for-2 bonus-share distribution, during the extraordinary assembly meeting (EGM) scheduled for Nov. 19, according to a statement to Tadawul.

 

Details of Capital Increase 

Current capital 

SAR 70 mln

Number of shares 

7 mln

Percentage of increase 

50%

Method of increase 

Distributing 1 share for every 2 shares

New capital after increase 

SAR 105 mln

Number of shares 

10,5 mln

Reason 

To facilitate and fund the company's new expansion initiatives.
 

The eligibility for the bonus shares will be for the company’s shareholders who own shares on the EGM Day and who are registered in the shareholder register at the Securities Depository Center (Edaa) at the end of the second trading day following the maturity date.

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