FINANCIAL NEWS

Jarir to increase capital to USD239.94 million

24 Oct 2013

(MENAFN) Jarir Marketing Co. plans to boost its capital by 50 percent to USD 239.94 million, according to Arab News.

The company will increase shares up to 90 million from 60 percent, and offer one bonus share for each two shares. Also it has allocated USD79.98 million capitalization.

The company’s board of directors have announced the plan in a meeting held last Tuesday.

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