Bahri GA approves Capital increase to SAR 7.3 billion by capitalizing SAR 351.7 million of retained earnings

National Shipping Company of Saudi Arabia announced to its shareholders the results of the Extraordinary General Meeting which included approving the increase of the company’s capital (First meeting) that was held at 7:15 pm on Monday corresponding to 19.06.2023

Voting results:

Approved the recommendation of the Board of Directors regarding the increase of the Company’s capital by granting bonus shares to the shareholders of the Company by capitalization of SAR 351.7 million of retained earnings according to the following:

– Capital before increase: SAR 4.9 billion

– Capital after increase: SAR 7.3 billion

– Increase in capital percentage: 50%

– Number of shares before increase: 492.1 million shares

– Number of shares after increase: 738.2 million shares