Our Country GA approves capital boost
The Extraordinary General Assembly of Baladna Company approved a 25% increase in its capital, raising it from 2.14 billion Qatari riyals to 2.68 billion riyals. This will be achieved by offering 536 million new shares at a price of 1.01 riyals per share, along with establishing a mechanism for trading subscription rights and authorizing management to dispose of unsubscribed shares within one year. This step comes after approval from regulatory authorities and is part of the measures to increase the company's capital and enhance its expansion capabilities.
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