Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Transport and Investment (Mubarrad) will be held on 21 November to discuss the board’s recommendation for the capital increase.
The company is to boost its capital from SAR 180 million to SAR 240 million through the issuance of one bonus share for every three owned by registered shareholders.
The capital hike will be executed through capitalizing SAR 60 million of the remaining profits.
The capital increase is aimed at boosting the company’s assets and supporting its future investment plans.
In order for the meeting to be held, 50% of quorum must be present.
