The Authority's Approval of the Request by Arabian Plastic Manufacturing Company to Increase Its Capital Through the Issuance of Bonus Shares

موافقة الهيئة على طلب شركة صناعة البلاستيك العربية زيادة رأس مالها عن طريق منح أسهم مجانية

The Capital Market Authority approved the request of Arabian Plastic Manufacturing Company to increase its capital from SAR 75,000,000 to SAR 102,000,000, by granting one bonus share for every three existing shares 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 26,614,043 from retained earnings and SAR 385,957 from additional capital, raising the share count from 7,500,000 to 10,200,000 shares, an increase of 2,700,000 shares. The extraordinary general assembly must convene within six months of this approval, and the company must complete the related regulatory procedures.

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