Dallah Healthcare EGM greenlights SAR 150m capital hike

DALLAH HEALTH
4004 -0.92% 48.75 -0.45

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Dallah Healthcare Company (DHC) approved the board’s recommendation to raise the company’s capital through the issuance of bonus shares.

Accordingly, the capital will be increased by 20% to SAR 900 million from a current SAR 750 million, according to a stock exchange statement on Monday.

The capital hike aims to adjust the healthcare provider’s share capital to its assets while supporting its investments and future expansions.

Moreover, it will be carried out through the capitalisation of SAR 150 million from the statutory reserve - share premium, with one share granted for every five owned shares.

Eligibility will be to shareholders at the end of the general assembly’s meeting day, as per the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the EGM meeting date.

Source: Mubasher Source: {{details.article.source}}