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Bahri to increase capital to SAR 3.93 bln

Bahri to increase capital to SAR 3.93 bln
BAHRI
4030
17.15% 26.50 3.88
The National Shipping Co. of Saudi Arabia (Bahri) announced that it completed yesterday the statutory procedures of capital increase including the amendment of its Commercial Registration certificate.
The company will increase capital from SAR 3,150,000,000 (315,000,000 shares) to SAR 3,937,500,000 (393,750,000 shares) through the issuance of 78,750,000 new shares which have been deposited in the investment portfolio account of Saudi Aramco Development Company, a fully-owned subsidiary of Saudi Aramco.
Bahri had earlier announced that the extraordinary general meeting gave the green light for the capital increase.