Riyadh – Mubasher: Saudi Transport and Investment Co. (Mubarrad) said its extraordinary general meeting (EGM) approved on 21 November the board’s proposal to increase the capital by 33.3% or SAR 60 million to SAR 240 million.
The capital will be raised through distributing one bonus share for every three shares, bringing the total to 24 million shares worth SAR 10 each, according to a bourse statement.
Shareholders of record at the end of the meeting day will be entitled to receive the bonus shares.
The bonus shares were added to the shareholders’ portfolios on 22 November.
