Maharah shareholders approve capital hike to SAR 475 mln via bonus shares
Logo ofMaharah Human Resources Co.
Maharah Human Resources Co.’s shareholders approved a board recommendation to raise capital by 26.7% from SAR 375 million to SAR 475 million, during the extraordinary general assembly meeting (EGM) held on June 8.
Capital Increase Details
Current Capital
SAR 375 mln
Number of Shares
37.5 mln
Percentage of Increase
26.7%
Capital after Increase
SAR 475 mln
Number of Shares after Increase
47.5 mln
Method
– Distributing 7.5 million shares in a one-for-five bonus share issue
– Allocating 2.5 million shares for LTIP
Reason
To strengthen the company’s financial position
Eligibility
Shareholders by the end of trading on the day of the extraordinary general meeting (EGM…
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