Dallah Healthcare said the board has recommended to the upcoming extraordinary general meeting to increase capital by 25% from SAR 472 million (47.2 million shares) to SAR 590 million (59 million shares) through 1-for-4 bonus share distribution.

The capital increase will be financed through capitalizing SAR 118 million from retained earnings.

The capital hike is aimed at boosting the company’s capital base.

Shareholders registered on Tadawul Securities Depository Centre until the close of trading on the general meeting date will be eligible for this distribution.

The meeting date will be unveiled later on.