Logo of Al-Jouf Mineral Water Bottling Co.
Al-Jouf Mineral Water Bottling Co.’s shareholders approved increasing capital by 50% through a one-for-two bonus share distribution, during the extraordinary general meeting (EGM) held on Jan. 24.
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Details of Bonus Issue |
|
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Current Capital |
SAR 31.25 mln |
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Number of Shares |
3.13 mln |
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Percentage of Increase |
50% (1 bonus share for every 2 shares held) |
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New Capital |
SAR 46.88 mln |
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New Number of Shares |
4.69 mln |
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Reason |
To support and enhance the company’s future activities. |
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Method |
Capitalizing SAR 15.63 mln from retained earnings account. |
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Record Date |
Jan. 24, 2023, including shareholders of record in the issuer’s register with the Securities Depository Center Co. (Edaa) by the close of the second trading day following this date. |
In a separate statement, the Saudi Exchange (Tadawul) said that the fluctuation rate for the company's shares was calculated based on SAR 27 for today, Jan. 25, as existing orders were canceled.
It added that the Securities Depository Center Co. (Edaa) will add the bonus shares in the shareholders’ portfolios before the start of trading session on Jan. 29
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