Published: Sep 16, 2014
Source: Tadawul


Email this story Print this page zoomin zoomout

Bahri announces the completion of procedures of the issuance of shares relating to the merger of Vela fleet and operations with Bahri and the increase in share capital (acquisition transaction)

Following the announcement by the National Shipping Company of Saudi Arabia (Bahri) on the Saudi Stock Exchange (Tadawul) on 22 June 2014 regarding the results of the Extraordinary General Assembly Meeting (EGM) that included the approval of the share capital increase, and the announcement on 8 September 2014 relating to the merger of the entire Vela fleet and operations with Bahri, Bahri would like to announce the completion of the statutory procedures relating to the increase of its share capital on 15 September 2014, including the amendment of its Commercial Registration certificate, from SR 3,150,000,000 to SR 3,937,500,000 through the issuance of 78,750,000 new shares which have been deposited in the investment portfolio account of Saudi Aramco Development Company, a subsidiary fully owned by Saudi Aramco, noting that the total number of shares prior to the increase in share capital was 315,000,000 shares and became 393,750,000 following the increase in share.

Middle East Stock Markets

Index Last Change %Change
TASI 6,871.72 -29.71 -0.43%
ADI 4,516.84 -15.40 -0.34%
DFMGI 3,327.13 -24.38 -0.73%
QE 10,060.52 -26.78 -0.27%
KSE 6,687.53 -15.12 -0.23%
MSM30... 5,403.140 +10.830 0.20%
ASE... 2,156.36 -4.14 -0.19%

Recent Analyst Actions  >>

Company Price Opinion
Voltamp Energy Co. 0.52 Overweight
Jarir Marketing Co. 142.60 Overweight
Saudi Basic Industries Corp. 90.00 Neutral
Etihad Etisalat Co. 25.00 Neutral
Yamama Cement Company 20.30 Neutral

Markets Today Quick Links


Get all the latest updates about the GCC & Global Markets directly to your email