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Farm Superstores EGM to consider capital hike October 16

Farm Superstores EGM to consider capital hike October 16
FARM SUPERSTORES
4006
38.03% 27.55 7.59
The board of Saudi Marketing Co. (Farm Superstores) invited shareholders to attend an extraordinary general meeting (first time) scheduled for 12/12/1435 (16/10/2014), 4:00 p.m. at Sheraton Dammam.
Shareholders will look into the board’s proposal for increasing capital by 40% from SAR 250 million (25 million shares) to SAR 350 million (35 million shares), through 2-for-5 bonus share distribution. Shareholders of record until the close of trading on the extraordinary general meeting date are entitled to this dividend. The capital increase is aimed at expanding the company’s business activities and branches, and thus boosting the company’s capital base.