77.3000
Change
-0.1000
Change %
0.1292%
Open
77.4000
Close
77.0000
High
77.9000
Low
77.1000

CMA approves AlKathiri Holding capital increase, bonus issue

2019-03-11 11:51:18 GMT (Economies.com)
 

The Capital Market Authority (CMA) on Monday issued its resolution approving AlKathiri Holding Company request to increase its capital from SAR 37.674 million to SAR 45.208 million, according to a bourse statement.

 

The capital increase will be effected through issuing 1 bonus share for every 5 existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the company's board.

 

The increase will be paid by transferring an amount of SAR 7.534 million from retained Earnings account to the company's capital, consequently, increasing the Company's outstanding shares from 3.767 million shares to 4.520 million shares.

The company generated SAR 9.3 million net profit for the fiscal year 2018, compared to SAR 6.6 million a year earlier.
 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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