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Saudi regulator approves Mobily's bonus share
- Saudi Arabia: Monday, December 03 - 2012 at 04:40
Etihad Etisalat (Mobily) has said Saudi Arabia's stock market regulator has approved a 10% bonus share, Reuters has reported. The operator, an affiliate of the UAE's Etisalat, will give shareholders one new bonus share for every 10 held. This will raise the number of shares issued to 770 million from 700 million. Each share has a nominal value of SR10, meaning Mobily's capital will increase to SR7.7bn ($2.05bn) from the current SR7bn.
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