AnnouncementDetails

Actions

Aldrees Petroleum and Transport Services Co. (ALDREES) Announces the Board’s Recommendation to Increase the Capital by Granting Bouns Shares

Element ListExplanation
Introduction Aldrees Petroleum and Transport Services Co.(ALDREES) Announces the Board’s Recommendation to Increase the Capital by Granting Bouns Shares
Date of Board Meeting 2021-01-19 Corresponding to 1442-06-06
Capital before increase 600000000 SR
Capital after increase 750000000 SR
Percentage of Capital increase 25 %
Number of shares before Capital increase 60000000
Number of shares after Capital increase 75000000
Reasons for the increase To commensurate with the size of the company's business and future expansions
Number of Shares Granted per Exiting Share 1 bonus share for every 4 shares owned
Nature and Value of Reserves Used in the Capitalization The increase in capitalization from the retained earnings
Eligibility Date Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date
Fractional Shares In case of bonus shares fractions; the company will collect it in one portfolio then sell it at market price within 30 days from finishing allocating the new shares to each shareholder
Approvals The proposed grant is subject to obtaining necessary approvals from official authorities and extraordinary general assembly meeting on the capital increase and number of granted shares.
Additional Information Nothing

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
67.5 -0.7 (-1.03%)
Value Traded (SAR) Volume Traded
63,932,920 934,172