Riyadh – Mubasher: The Capital Market Authority approved for Thob Al Aseel Company to increase the capital by issuing one bonus share for every three owned shares, according to a bourse filing on Tadawul.
Thob Al Aseel aims to raise the capital to SAR 400 million distributed over 40 million shares from SAR 300 million and 30 million shares.
The capital raise will be paid by transferring SAR 42.91 million from the Other Reserves account in addition to SAR 57.08 million from the Retained Earnings account.
