6 Hrs
Source:
معلومات مباشر
Learning Academy Board plans 16.67% capital boost
Learning Academy Company has decided to increase its share capital by 16.67%, from 135 million riyals to 157.5 million riyals, through the distribution of free shares at a rate of one share for every six existing shares. The goal is to support expansion and strengthen the financial position, without affecting shareholders' rights or cash flows. The capital increase will be implemented by capitalizing 22.5 million riyals from retained earnings. Shareholders registered on the day following the meeting will participate in the distribution of free shares, with fractional share issues being handled through sale and distribution of the proceeds. This step aligns with the company's strategy to enhance its financial performance and diversify its distributions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)