Bupa Arabia shareholders to vote on capital hike on Nov. 22

01/11/2018 Argaam

 

Bupa Arabia for Cooperative Insurance Co.’s shareholders are set to vote on a 50 percent capital hike to SAR 1.2 billion from SAR 800 million, on Nov. 22, 2018.

 

 The capital hike aims to strengthen capital base and support future activities.

 

Shareholders of record at the extraordinary general assembly meeting, including those registered at the Securities Depository Center two days after this date, will be eligible to receive the bonus shares.

 

Key Figures of Capital Hike

Current Capital

SAR 800 mln

Number of shares

80 mln shares

Hike (%)

50% (1 for every 2 shares)

New Capital

SAR 1.2 bln

New number of shares

120 mln shares

Method

Bonus shares

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