Riyadh-Mubasher: Bupa Arabia said its extraordinary general meeting (EGM) approved increasing capital from SAR 400 million to SAR 800 million, through issuing 40 million bonus shares at one-for-one.
The top-up will be effected through transferring SAR 400 million from retained earnings as on 30 June.
The move aims to boost the company's capital base and future business.
In addition, shareholders approved amending articles No. 7 and 8 of the articles of association accordingly.
