image description
image description
Tell A Friend

FinancialNews


  • 08-03-20

    United Electronics Co.'s board of directors recommend 20 percent capital hike

    (MENAFN) Through the release of bonus shares in the extraordinary general meeting (EGA) that started on Thursday March 5, a 20 percent capital increase from SAR 500 million to SAR 600 million was suggested by United Electronics Co.'s (eXtra) board of directors.


    As said in a bourse statement, the capital increase seeks to help the eXtra's financial position.


    The process is awaiting agreement from the general assembly and regulator.


    eXtra also suggested a 12.5 percent cash bonus for the 2nd half of 2019, at SAR 1.25 percent share, totaling SAR 62.5 million.

    MENAFN0803202000450000ID1099818750

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved