ASLAK’s General Assembly approves 12.5 % capital raise

07/04/2014 Argaam

ASLAK General Assembly approved 12.5 % capital raise (from SAR 390m to SAR 438.75 m) in a meeting held yesterday.

The Capital raise is to take place by issuing one bonus share to each 8 shares owned by registered shareholders.

By this issuance the number of outstanding shares will increase from 39 m shares to 43.88 m shares.

 

Capital raise details

SAR 390 mn

Current capital

39 mn shares

Number of shares

12.5% ( 1/8 shares)

Capital raise (%)

SAR 438.75 mn

New capital

43.88 mn shares

# of Shares after raise

April, 6, 2014

Record date
 
 

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