Logo of Naba Alsaha Medical Services Co.
Naba Alsaha Medical Services Co.’s shareholders approved the board’s recommendation to increase capital by 50% to SAR 105 million via a one-for-two bonus-share distribution.
The approval took place during the extraordinary general meeting (EGM) held on Nov. 19, according to a statement to Tadawul.
|
Details of Capital Increase |
|
|
Current capital |
SAR 70 mln |
|
Current number of shares |
7 mln |
|
Percentage of increase |
50% (one-for-two bonus shares) |
|
Capital after increase |
SAR 105 mln |
|
Number of shares after increase |
10.5 mln |
|
Method of increase |
Capitalizing SAR 35 mln of retained earnings |
|
Reason |
To support and fund the company's new expansion initiatives. |
|
Record date |
Nov. 19, 2023 (Shareholders registered with Edaa by the end of the second trading day following the EGM date) |
Fractional shares, if any, will be collected in one portfolio for all shareholders and sold at the market price. Their value will be distributed among the eligible shareholders on a pro rata basis within 30 days from the date of determining the new shares eligible for each shareholder.
Fluctuation limits will be based on a share price of SAR 59.30 today, Nov. 20, and the outstanding orders will be cancelled.
The Securities Depository Center (Edaa) will add the bonus shares to shareholder portfolios before the start of trading on Nov. 22.
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