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RIYADH: The Extraordinary General Meeting of shareholders of Halawani Bros. approved on Monday the 10% increase in the company's capital.
The company said Tuesday in a statement to Tadawul that the capital increase of 285.71 million riyals to 314.29 million riyals had been approved with a free 10-share share.
Free shares are reserved for shareholders holding shares at the end of the General Meeting and are recorded at the end of the second trading day following the maturity date..
She also said that her goal was to increase capital consolidation based on the size of her business and her future aspirations..
The company said the capital increase would be capitalized by capitalizing 28.57 million SAR of retained earnings..
During the meeting, the Assembly decided to amend a number of Articles of the Statute, as well as to adopt the remaining items on the agenda..
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