Logo of Raoom Trading Co.
Raoom Trading Co.’s shareholders approved, in an ordinary general meeting (OGM) held on April 10, a 100% capital top-up, through distributing one bonus share for every share held, as follows:
|
Capital Increase Details |
|
|
Current Capital |
SAR 62.50 mln |
|
Number of Shares |
6.25 mln |
|
Nominal Value |
SAR 10/share |
|
Percentage of Increase |
100% |
|
Method |
Capitalizing SAR 62.5 mln from retained earnings through a 1-for-1 bonus issue |
|
New Capital |
SAR 125 mln |
|
New Number of Shares |
12.5 mln |
|
Reason |
To strengthen the company’s financial position and align capital with growth plans |
|
Record Date |
Shareholders registered with Edaa by the close of the second trading day following the general meeting, the date for which will be determined later |
In a separate Tadawul statement, the Saudi Exchange (Tadawul) said that the fluctuation limits today, April 13, for Raoom will be based on a share price of SAR 86.50 and the outstanding orders will be canceled.
Furthermore, the Securities Depository Center (Edaa) will deposit the additional shares into investor portfolios by April 15.
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