Riyadh-Mubasher: Abdullah Abdul Mohsen Al Khodari Sons’ extraordinary general meeting on Tuesday agreed on the board’s recommendation to raise the capital by 5% to SAR 531.25 million from SAR 557.8 million through distributing one bonus share per each 20 shares.
The capital increase will be excluded from the retained earnings as registered on 31 December, 2015 by SAR 26.56 million, increasing the shares to 53.13 million from 55.78 million, according to a statement issued on Wednesday.
Furthermore, the shareholders decided to retain earnings for the fiscal year 2015 to enhance the financial position of the company.
