Riyadh – Mubasher: Maharah Human Resources Company invited its shareholders to attend the extraordinary general meeting (EGM), to be held on 29 June, and vote on a 26.32% capital hike.
The company aims to increase its total capital from SAR 475 million to SAR 600 million to support its financial position and enhance its financial solvency, according to a bourse filing.
Maharah Human Resources will capitalize SAR 103.05 million from the statutory reserve account and SAR 21.94 million from the retained earnings.
Last May, the Capital Market Authority (CMA) approved the transaction, but it is still subject to the shareholders’ approval.
