for Abdullah Al Othaim Markets Company through issuance of bonus shares

04/03/2014 09:04 AST

The CMA Board has issued its resolution approving Abdullah Al Othaim Markets Company’s request to increase its capital from SAR (225,000,000) to SAR (450,000,000) through issuing one bonus share for every existing share owned by the shareholders who are registered in the shareholders registry at the closing of trading on the day of the extraordinary general assembly. Such increase will be paid by transferring an amount of SAR (93,409,588) from the “Statutory Reserve” account, SAR (12,453,336) from the “Voluntary Reserve” account, and SAR (119,137,076) from the “Retained Earnings” account to the Company's capital.

Consequently, increasing the Company's outstanding shares from (22,500,000) shares to (45,000,000) shares, by an increase of (22,500,000) shares. The bonus shares eligibility is limited to the shareholders who are registered in the shareholders registry at the close of trading on the day of the extraordinary general assembly, which will be determined later by the Company's board, and should be held within six months from the approval date. This approval is conditional on the Company satisfying the regulatory requirements of Companies Law and any other applicable laws.


Tadawul

Saudi’s Othaim Malls raises 1 billion riyals in debut sukuk

31/08/2015

Saudi Arabia’s Al Othaim Real Estate and Investment Co, owner of five shopping malls in the kingdom, has raised 1 billion riyals ($267 million) through a debut sukuk issue, two banking sources said o

Gulfnews

Al-Othaim banking on SR1bn debut sukuk issue

11/08/2015

JEDDAH: Saudi Arabia's Al-Othaim Real Estate and Investment Co., owner of five shopping malls in the Kingdom, is marketing a five-year debut sukuk issue which could raise up to SR1 billion ($267 mill

Arab News

Saudi's Othaim Malls revives plans for debut riyal sukuk - sources

09/06/2015

Saudi Arabia's Al Othaim Real Estate and Investment Co, owner of five shopping malls in the kingdom, has revived plans to issue a debut local currency Islamic bond, probably after the summer, two sou

Reuters

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SABIC-MCC joint venture starts output

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Saudi Gazette

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Gulf Times

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The Peninsula

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The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

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Gulf News