Riyadh – Mubasher: Al Moammar Information Systems Company’s board of directors has recommended raising the company’s capital by 25% through the issuance of bonus shares.
The decision will increase the company’s capital from SAR 160 million to SAR 200 million, by issuing four million bonus shares that will be distributed as one share for every four original shares, according to the company’s statement to the Saudi Stock Exchange (Tadawul).
It is worth noting that the SAR 40 million capital hike will be financed from the company’s reserves and retained earnings account.
