The Board of Directors of Al -Rasheed recommends that capital increase to 180 million riyals
The Board of Directors of Mohamed Hadi Al -Rashid and Partners in its meeting yesterday recommended yesterday the extraordinary general assembly to increase the company’s capital from 120 million riyals to 180 million riyals. "Saudi Arabia trading": The recommendation to increase the capital by forming an amount of 60 million riyals of the profits of the remaining, by granting one free share for each of two owned shares. And create a higher value in the long run by investing in many opportunities available to the company, and emphasizing its financial affinity and the strength of its financial position. Collecting fractures in one portfolio for all shares campaign and sold at the market price, then its value is distributed to the shareholders due to the grant each according to its share within a period not exceeding 30 days from the date of determining the shares due for each shareholder.
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