Al-Tayyar Travel Group, in its meeting held on Sunday, approved the proposal to increase the company's capital by 43%.

The company said in a statement to the Saudi market, today, Monday, that the increase will be made by capitalizing an amount of 903.5 million riyals, which is 707.4 million riyals of a retained earnings item, and an amount of 196.2 Million riyals from the reserve.

She explained that the capital will increase from 2.1 billion riyals to 3 billion riyals, and the number of shares will increase from 209.65 million shares to 300 million shares, with 83.86 distributed. One million shares, as bonus shares, to two shareholders for every 5 shares held.

The company also approved the works and contracts that took place between the pilot and the International Gulf Contracting and Real Estate Investment Company Limited, and between the company and the Riyadh Cables Company, and between the pilot and the National Agricultural Development Company (Nadec). ).

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