Logo ofNational Environmental Recycling Co. (Tadweeer)
National Environmental Recycling Co.’s (Tadweeer) shareholders approved the board’s recommendation to increase capital by 100% via bonus share distribution, capitalizing SAR 58.08 million from the retained earnings, during the extraordinary general meeting (EGM), held on Dec. 18, according to a statement to Tadawul. 
Fractional shares, if any, will be compiled into a single portfolio for all shareholders, sold at the market price, and their value distributed to eligible shareholders pro rata within a period not exceeding 30 days.
The company also clarified that the remaining agenda items were approved, including amendments to several articles related to the company’s objectives, capital, share subscriptions, stock purchases, and pledging of shares.
Logo ofNational Environmental Recycling Co. (Tadweeer)
National Environmental Recycling Co.’s (Tadweeer) shareholders approved the board’s recommendation to increase capital by 100% via bonus share distribution, capitalizing SAR 58.08 million from the retained earnings, during the extraordinary general meeting (EGM), held on Dec. 18, according to a statement to Tadawul.
Fractional shares, if any, will be compiled into a single portfolio for all shareholders, sold at the market price, and their value distributed to eligible shareholders pro rata within a period not exceeding 30 days.
The company also clarified that the remaining agenda items were approved, including amendments to several articles related to the company’s objectives, capital, share subscriptions, stock purchases, and pledging of shares.
