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  • 06-01-20

    Saudi Arabia: MIS board of directors recommend 25 percent capital climb

    (MENAFN) A 25 percent capital increase from SAR 160 million to SAR 200 million through the issuance of bonus shares was recommended by Al Moammar Information Systems Co.'s (MIS) board of directors.


    The capital increase plans to assist the company's capital base and future activities which help in meeting positive expansion rates in the future years.


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


    The board of directors recommended 10 percent cash extra for the second half of 2019, at SAR 1 for each share, totaling to SAR 16 million.


    MENAFN0601202000450000ID1099511579

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