Mobily approves bonus share issue
Saudi operator Mobily said it has approved a board recommendation for raising capital by 10 percent, from SAR 7 billion to SAR 7.7 billion, through a bonus share issue.
Under attack for poor showing of Reliance Power at the stock market after its listing on Monday last, Anil Ambani group on Sunday announced to consider free bonus shares for investors in the company and hit out at rivals for hammering down the shares of all the group companies.