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Cinema Centers proposes 9% capital boost
Arabian Centres Company (Sinomi Centers) has recommended increasing its capital by approximately 9%, from 4.75 billion SAR to 5.17 billion SAR, through the issuance of bonus shares, with a portion allocated to the employee stock program. The company will raise the number of shares from 475 million to about 518 million shares, distributing 39.58 million bonus shares to shareholders and 3.08 million shares to the employee stock plan, financed from retained earnings. This move aims to strengthen the company's financial position and support future growth plans.
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