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FINANCIAL NEWS
Almarai plans to increase capital
11 Sep 2013
(MENAFN) Saudi dairy company, Almarai, said that shareholders approved the company increasing its capital, Saudi Gazette reported.
The capital will be increased by half to USD1.6 billion and the number of shares will be increased from 400 million to 600 million.
The move is as an attempt to support the company’s USD4.15 billion capital funding program.
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