The Saudi Capital Market Authority approved the request of Al Kathiri Holding Company to increase its capital from 37.674 million riyals to 45.209 million riyals, an increase of 7.535 million riyals.
The increase is made by bonus shares by 20% by one bonus share for every 5 outstanding shares held by the shareholders registered in the issuer's shareholder register at the Deposit Center at the end of the second trading day following the due date. p>
The increase in the capital will be paid by transferring the amount of 7.535 million riyals from the retained earnings item, thus increasing the number of shares from 3.767 million shares to 4.521 million shares.
It is worth noting that the date of the extraordinary general assembly does not exceed six months from the date of this approval, provided that the company completes the relevant procedures and statutory requirements.
Al Kathiri said the increase is aimed at supporting and strengthening the capital base and future activities of the company.
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