‎UIHC board recommends 200% capital increase

‎UIHC board recommends 200% capital increase ‎UIHC board recommends 200% capital increase

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Logo ofUnited International Holding Co. (UIHC)

The board of directors of United International Holding Co. (UIHC) recommended in its meeting held on March 23 a 200%capital increase, according to a statement to Tadawul.

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Capital will be increased from SAR 250 million to SAR 750 million through distributing 47 million bonus shares at 1.88 shares for each one existing share, in addition to the allocation of three million shares for a long-term employee incentive plan.

 

Logo ofUnited International Holding Co. (UIHC)

The board of directors of United International Holding Co. (UIHC) recommended in its meeting held on March 23 a 200%capital increase, according to a statement to Tadawul.

Capital will be increased from SAR 250 million to SAR 750 million through distributing 47 million bonus shares at 1.88 shares for each one existing share, in addition to the allocation of three million shares for a long-term employee incentive plan.

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