AI Summary
Logo of Amwaj International Co.
Amwaj International Co.’s board of directors recommended, in its meeting held on April 10, a 33.33% capital increase by capitalizing SAR 20 million from the retained earnings, through issuing one bonus share for each existing shares, according to a statement to Tadawul.
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Details |
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Current Capital |
SAR 60 mln |
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Number of Shares |
6 mln |
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Nominal Value |
SAR 10 |
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Percentage |
33.33% (one bonus share for each three existing shares) |
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Method |
Capitalizing SAR 20 mln from retained earnings |
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New Capital |
SAR 80 mln |
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Number of Shares |
8 mln |
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Reasons |
Implementing expansions aligning with future aspirations, maximizing total shareholder return, and supporting the company’s future activities. |
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Record Date |
Shareholders of record and those registered with Edaa on the second trading day follwoing the EGM date. |
Fractional shares, if any, will be compiled into a single portfolio, sold at the market price, and the proceeds will be distributed to the eligible shareholders, pro rata, within a period not exceeding 30 days.
The bonus issue is subject to obtaining the necessary approvals of the relevant authorities and the extraordinary general meeting (EGM).
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