‎Tadweeer board recommends 100% capital hike through bonus issue

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Logo ofNational Environmental Recycling Co. (Tadweeer)

National Environmental Recycling Co.’s (Tadweeer) board of directors recommended increasing capital by 100% via a 1:1 bonus issue, according to a statement to Tadawul.

Capital Increase Details

Current Capital

SAR 116.16 mln​

Number of Shares

116.16 mln

Percentage Increase

100% (1:1 bonus issue)

New Capital

SAR 232.32 mln​

New Number of Shares

232.32 mln

Method

Capitalizing SAR 67.84 mln from the share premium balance…
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