Riyadh – Mubasher: Al Kathiri Holding Company has received the Saudi Capital Market Authority’s (CMA) approval to raise the capital by SAR 22.6 million from the retained earnings account, according to a bourse disclosure on Wednesday.
The company will issue one share for every four owned shares to the entitled shareholders. Al Kathiri Holding’s capital will become SAR 113.02 million compared to SAR 90.41 million prior to the increase.
The company’s board agreed to raise the capital by 25% last March.
