CMA approves capital increase of “Medical Equipment” to ‎SR300 million by granting free shares

The Capital Market Authority announced the issuance of its decision approving the request of Scientific & Medical Equipment House Company to increase its capital from 200 million riyals to 300 million riyals by granting (1) free share for every two existing shares owned by the shareholders registered in the issuer’s shareholder register at the Depository Center At the end of the second trading day following the due date, which the company’s board of directors will determine its date at a later time, provided that the value of the capital increase is paid by transferring an amount of 100 million riyals from the “retained earnings” item, and thus the number of shares increases from 20 million shares to 30 million shares, an increase of 10 million shares.