Latest news with #capitalhike
Zawya
3 days ago
- Business
- Zawya
Egypt: FRA approves Dice's capital hike
Arab Finance: The Financial Regulatory Authority (FRA) greenlighted Dice Sport and Casual Wear's capital hike, bringing the authorized capital to EGP 2.5 billion, instead of EGP 500 million, according to a bourse filing. Dice will also increase its issued and paid-up capital to EGP 535.993 million from EGP 357.328 million. The company will allocate EGP 178.664 million, distributed over 893.322 million shares, with a nominal value of EGP 0.20 per share. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
11-06-2025
- Business
- Zawya
Saudi: Knowledge Net's board recommends 50% capital raise
Knowledge Net Company announced the board's recommendation for a 50% capital hike to SAR 52.50 million from SAR 35 million. The Saudi firm will grant one bonus share for each two owned shares, according to a bourse disclosure. Following the transaction, the new capital will be distributed over 5.25 million shares, instead of 3.50 million shares. Knowledge Net will capitalize SAR 17.50 million from the retained earnings account. The board member proposed the capital raise to support the company's growth plans, meet future expansion needs, and reinforce its financial solvency and strong financial position. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
09-06-2025
- Business
- Zawya
Budget Saudi's board mulls 34% capital increase
Riyadh – The board of United International Transportation Company (Budget Saudi) recommended a 33.74% capital hike, according to a bourse disclosure. The group will distribute 26.05 million shares as bonus shares to shareholders by granting one bonus share for each three owned shares, representing a 33.33% increase in the company's capital. Moreover, the company will allocate an additional 320,000 shares, equivalent to 0.41% of the company's capital raise, for the long-term employee incentive shares program. Accordingly, the new capital will stand at SAR 1.04 billion distributed over 104.54 million shares, compared to SAR 781.66 million and 78.16 million shares. The board member proposed the transaction on 4 June 2025 to support the company's growth and reinforce its financial position. Budget Saudi will capitalize SAR 263.75 million from the retained earnings account. In the first quarter (Q1) of 2025, the company's net profits jumped by 18.13% to SAR 82.76 million from SAR 70.05 million in Q1-24. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Bloomberg
20-05-2025
- Business
- Bloomberg
Dutch Government Cuts ABN Amro Holding to Below One Third
The Dutch government has reduced its stake in ABN Amro Bank NV to below a third as it implements a plan to hit a holding of about 30%. The move means the state loses the right to prior approval of capital hikes or substantial deals carried out by ABN Amro, according to a statement on Tuesday.
