60 Days
Source:
مباشر
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Shareholders of Malikya approve capital increase to 90 million riyals via free share distribution
Almalakia Investment Company approved an increase in its capital by 15.38%, from 78 million SAR to 90 million SAR, through free share distribution to shareholders at a rate of one share for every 6.5 shares owned, funded from retained earnings. Eligibility will be based on ownership at the end of the general assembly meeting, with the possibility of selling fractional shares and distributing their value. This move aims to strengthen the company's financial position and support its expansion plans. Additionally, the company's regulations were amended to align with the capital increase, and a employee share program was established, with the Board of Directors empowered to set the program's terms.
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