RSHS to increase capital to SR600m
Saudi-based Red Sea Housing Services (RSHS) has said the board of directors has recommended the distribution of SR75m as cash dividends for 2013, Arab News has reported. The board also recommended raising the company’s share capital from SR400m to SR600m through the distribution of one bonus share for every two owned shares. In 2012, the company raised its capital from SR300m to SR400m. Tadawul-listed RSHS is a global manufacturer of modular and prefabricated buildings.