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Almarai wins approval for capital increase

KSA Business


Saudi Arabia's Almarai Company, the largest dairy company in the Gulf, said on Monday shareholders approved a capital increase for the company through bonus shares.

The shareholders meeting took place on Sunday, the company said in a bourse statement. The shares were added to the funds of shareholders on Monday and the fluctuation limits will be based on a share price of SR51.67 ($13.78), a separate statement said. - Reuters

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