Riyadh-Mubasher: The National Agricultural Development Co. (Nadec) will hold its extraordinary general meeting on 7 April, to discuss agenda items, mainly
looking into increasing capital by 10% to SAR 847 million from SAR 770 million, through capitalising SAR 77 million from FY15 retained earnings.
The top-up will be effected through 1-for-10 bonus share distribution.
Shareholders will also consider paying cash dividends for 2015 at SAR 0.5 a share, totalling SAR 38.5 million.
The stock closed Sunday 4.29% higher at SAR 23.80.
