Maadaniyah raises its capital by 10%:

A 10% capital raise of the national metal manufacturing and casting company (Maadaniyah) (from SAR 256m to SAR 281m) was approved in the extraordinary general assembly meeting that was held on 24/4/2012.

The Capital raise is to take place by issuing one bonus share for each ten shares owned by registered shareholders as SAR 12.9m of retained earnings and SAR 12.7m of statutory reserve will be capitalized.

By this issuance the number of outstanding shares will be increased from 25,556,445 shares to 28,112,089 shares.