Al Hokair: 50% Capital raise

17/07/2013 Argaam

A 50% capital raise of Al Hokair Company (from SR700m to SR 1.05bn) was approved in the Extraordinary general assembly meeting that was held on 16 July, 2013 to support the company's future expansions.

 

The Capital increase is to take place by issuing one bonus share to each two shares owned by registered shareholders as SAR 350m of retained earnings will be capitalized.

 

By this issuance the number of outstanding shares will be increased from 70,000,000 shares to 105,000,000.

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