Saudi Gazette - Almarai to raise capital to SR6bn:
"The Board of Directors of Almarai Company, a Saudi joint stock company, will preside over an extraordinary general assembly meeting of shareholders on Sept. 9, 2013 at the Holiday Inn Al Izdehar Hotel - Al Lulaah Hall, Riyadh, to approve an increase in the share capital from SR4,000 million to SR6,000 million, an increase of 50 percent by issuing 200 million shares total SR2,000 million at SR10 each.
The move will increase the number of shares from 400 million shares to 600 million shares through the distribution of one bonus share for every two outstanding shares for existing shareholders at the end of trading day of the extraordinary general assembly meeting.
The meeting will also approve the issuance of sukuk in compliance with Shariah principles."
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