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19/02/2015 12:51 AST
allah Healthcare Holding Company announces that the Board of Directors on its meeting on 18-02-2015 has recommended to Extraordinary General Assembly to increase the company's capital through bonus shares as following:
1. Company's capital before increase is SAR 472 Millions, company's capital after increase SAR 590 Millions, with an increase by 25%.
2. The number of shares before increasing 47.2 Millions shares, the number of shares after increasing 59 Millions shares.
3. Offering 1 bonus shares for every 4 shares owned.
4. The increasing will be done through capitalizing SAR 118 Millions from the Retained Earnings account.
5. The company aimed from capital increasing to support capital base.
6. The bonus shares is limited to the shareholders registered in the shareholder's record in the Securities Depository Center (Tadawul) by the closing of trading session on the Extraordinary General Assembly day, which will be determined later by the company.
7. In cause there is bonus shares fractions; the company will collect them in one portfolio then will sell them during 30 days from completing the allocation of the new shares. The proposed bonus shares are subject to the necessary approvals from the official authorities and the Extraordinary General Assembly on the capital increase and the bonus shares.
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