61 Days
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Shareholders of "Milkya" approve capital increase to 90 million riyals via bonus shares
Shareholders of Malakia Investment Company approved the increase of the capital from 78 million Riyals to 90 million Riyals, an increase of 12 million Riyals, through the distribution of free shares at a rate of 15.38%, meaning one free share for every 6.5 owned shares. The purpose of this is to strengthen the financial position and support expansion efforts. The increase was financed by capitalizing a portion of retained earnings, with eligibility for shareholders at the end of the general assembly day. The value of fractional shares resulting from the free share distribution will be paid within 30 days. Additionally, the company's bylaws were amended, and a new employee stock program was established.
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