Saudi Automotive Services Company (SASCO) said it approved on Thursday raising its capital from SAR 450 million to SAR 540 million through the issuance of one bonus share for every five shares.
The company also elected seven new board members for the coming three-year term, which begins on June 30.
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Capital Raise Details |
|
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SAR 450 mln |
Current capital |
|
45 mln shares |
Number of shares |
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20% ( one share for every 5shares) |
Capital raise percentage |
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SAR 540 mln |
New capital |
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54 mln shares |
Number of Shares after raise |
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May 6, 2015 |
Record date |
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