Riyadh – Mubasher: The extraordinary general assembly of Abdullah Saad Mohammed Abo Moati for Bookstores Company (Abo Moati) has approved the board’s recommendation to increase the company’s capital by 25% through the issuance of bonus shares.

The company intends to raise its capital to SAR 200 million instead of SAR 160 million, according to a filing to the Saudi Stock Exchange (Tadawul) on Thursday.

Moreover, the assembly has approved distributing 5% cash dividends to shareholders.

Abo Moati will pay a total of SAR 8 million, or SAR 0.5 per share, for the fiscal year ended 31 March.