Al Tayyar Travel Group's shareholders are set to vote on a 43 percent capital hike to SAR 3 billion from SAR 2.096 million through bonus shares during the extraordinary general assembly meeting that will be held on April 14, 2019.
The EGM will also vote on allocating 6.49 million shares to set up an employee stock incentive program.
|
Key Figures of the Capital Hike |
|
|
Current Capital |
SAR 2,096.5 mln |
|
Number of shares |
209.65 mln shares |
|
Hike (%) |
43% (2 shares for every 5 shares held) |
|
New Capital |
SAR 3,000 mln |
|
New number of shares |
300 mln shares |
|
Record date |
April 14, 2019 |
|
Driver |
To finance expansions |
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