the extraordinary general assembly of Dallah Health Services approved the recommendation of the Board of Directors to increase the company's capital by granting bonus shares.
According to Arabiya Net, the total amount of the increase is 150 million riyals, so that the company's capital after the increase becomes 900 million riyals, with an increase of 20%, and the number of its shares after the increase It will be 90 million shares.
The increase will be made by capitalizing the amount of 150 million riyals from the statutory reserve - the issuance bonus, by granting one share for every five shares owned.
Also, shareholders who own shares will be eligible at the end of trading on the day of the company's general assembly and who are registered in the company's shareholders register at the Depository Center at the end of the second trading day following the date of the Extraordinary General Assembly.
The association agreed to amend the purpose of the company’s purchase of its shares and to keep them as treasury shares. In the opinion of the Board of Directors that the company's share price is less than its fair value. And its use as compensation in the swap deal with the Kingdom Investment and Development Company for its shares in the Care Shield Holding Company.
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