finance expansions through capital top-up -->
financing its expansions that started in 2011 by purchasing an investment
property at Al-Khobar.
The company also aims to face the fierce competition locally and overseas
through adding new entertainment services to its outstanding project -
Palm Beach Rresort Al Khobar.
The board had recommended raising capital through issuing rights issue shares
at a total value of
authorities. Shareholders of record till the close of trading on the
extraordinary general meeting date will be eligible for the capital hike.
The offering price and the number of offered shares will be defined by
shareholders in the general meeting.;
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