The Authority's Approval of the Application of Asq Plastic Factory Company to Increase its Capital by Granting Bonus Shares

موافقة الهيئة على طلب شركة مصنع عسق للبلاستيك زيادة رأس مالها عن طريق منح أسهم مجانية

The Capital Market Authority announced its approval of Asq Plastic Factory Company's request to increase its capital from SAR 70,500,000 to SAR 141,000,000 by granting one bonus share for each existing share held by shareholders registered at the depository center at the end of the second trading day following the eligibility date, to be set later by the company's board. The increase will be funded by transferring SAR 46,602,550 from retained earnings and SAR 23,897,450 from share premium, raising the number of shares from 7,050,000 to 14,100,000, an increase of 7,050,000 shares. The extraordinary general assembly must convene within six months of this approval, and the company must complete related regulatory procedures.

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