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Canadian Medical Center proposes 25% share boost
The Board of Directors of Al Markaz Al Ke Dani Medical Company has recommended increasing the company's capital by 25% through the issuance of free shares to shareholders, by capitalizing 19.25 million SAR from retained earnings. The increase will be one free share for every four shares owned by the shareholder. Consequently, the capital will rise from 77 million SAR to 96.25 million SAR, subject to the approval of the Extraordinary General Assembly and authorized authorities. The purpose of this increase is to strengthen the capital base and to support expansion and sustainable growth. The eligibility date for shareholders will be determined based on the record date pending the convening of the assembly, and the free shares will be distributed after receiving the official approvals.
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