Logo of Al Hassan Ghazi Ibrahim Shaker Co. (Shaker Group)
Al Hassan Ghazi Ibrahim Shaker Co.’s (Shaker Group) board of directors recommended a 15% capital increase by a 1-for-6.5 bonus share distribution, according to a statement to Tadawul.
|
Capital Increase Details |
|
|
Current Capital |
SAR 482.33 mln |
|
Number of Shares |
48.23 mln |
|
Percentage Increase |
15% (one bonus share for every 6.5 existing shares) |
|
New Capital |
SAR 555 mln |
|
New Number of Shares |
55 mln |
|
Method |
Capitalizing SAR 72.67 mln from the statutory reserve |
|
Reason |
To boost the financial position as well as future growth plans |
|
Record Date |
Shareholders of record and those registered with Edaa on the second trading day following the record date |
Fractional shares, if any, will be compiled into one portfolio for all shareholders and will be offered at the market price. The proceeds are to be distributed pro rata within 30 days maximum.
The bonus share distribution is subject to the approval of the regulatory authorities and the extraordinary general meeting (EGM).
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}