Al Sorayia group approves 25% capital raise

26/11/2012 Argaam

A 25% capital raise of Al Soryia Trading and Industrial Group company (from SAR 300m to SAR 375m) was approved in the extraordinary general assembly meeting that was held on 26/11/2012 to support the company's future expansions.

 

The Capital increase is to take place by issuing one bonus share to each four shares owned by registered shareholders as SAR 75m of retained earnings will be capitalized.

 

By this issuance the number of outstanding shares will be increased from 30,000,000 shares to 37,500,000

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