Riyadh-Mubasher: The board of Dallah Health Care on Wednesday cancelled its previous recommendation about increasing capital, as part of the acquisition of Bagedo & Dr. Erfan General Hospital Co.

However, the board proposed raising capital from SAR 472 million to SAR 590 million, through distributing 1-for-4 bonus shares.

The top-up will be effected through capitalising SAR 118 million from retained earnings.

The move aims to boost the capital base and to keep up with the company's growth and expansion.