Cinema Centers plans 8.98% bonus issue

Arabian Centres Company "Sinomi Centers" recommended increasing its capital by 8.98%, from 4.75 billion SAR to 5.17 billion SAR, through the issuance of bonus shares and allocating a portion of the increase to the employee stock program. The increase will be distributed as the issuance of 39.58 million bonus shares to shareholders and 3.08 million shares for the employee stock program, funded from retained earnings. This move aims to strengthen the financial position and support future growth plans.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article