The “Assad” Company will increase its capital on August by incorporation of reserves of 0.5 MTD in order to raise it from 11.5MTD to 12 MTD.
This operation will be done by issuing 500,000 new shares to be given to shareholders on the basis of 1-for-23 bonus issue.
The new bonus shares will carry rights in dividends from January 2012 and will be treated as old since their creation.
