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The extraordinary general meeting of the company approved "Dallah Health Services"Held on Tuesday, February 26, 2019, to increase the company's capital from SR 590 million to 750 million by distributing 27.1% free shares (0.27 shares per existing share) As shown in the following table:
|
Detail of the capital increase by the distribution of free shares |
|
|
Current capital |
590 million riyals |
|
Number of actions |
59 million shares |
|
Percentage increase |
27.1% (0.27 shares per existing share) |
|
Capital after increase |
750 million riyals |
|
Number of shares after the increase |
75 million shares |
|
Date of expiry |
February 26, 2019 |
|
The purpose of the increase |
Consolidate the capital of the company to comply with all of its assets |
The company has also authorized Tadawul to buy up to 3.75 million shares of its shares and to keep them as treasury shares, the financing of the purchase being made on its own own resources.
The board of directors has been authorized to complete the procurement process in one or more stages within a maximum period of twelve months from the date of the extraordinary resolution of the general meeting.
It was agreed to keep the shares purchased until 5 years after the expiry of this period, the company follows the procedures and controls stipulated in the regulations.
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