The Board of Directors of Almarai Company convened on Monday October 4th 2010 to review the company performance and the progress made on its strategic plans. After this review, and considering the results achieved to date, the Board of Directors expressed satisfaction on the progress made towards the achievement of the companys objectives.
In this regard, considering the companys financial position and the strategic objectives, the Board of Directors recommend an increase in the share capital of Almarai from SAR1,150 million to SAR2,300 million (100%) through the distribution of one bonus share for each outstanding share, increasing the number of shares from 115 million to 230 million.
The executive management team has been tasked to take care of all regulatory approvals and to call an Extraordinary General Meeting in due course.
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