APICO goes ex-bonus today

09:18 AM (Mecca time) Argaam Special
Tadawul trading screen

Tadawul trading screen

Shares of Arabian Plastic Industrial Co. (APICO) have their ex-bonus today, June 19, if the general meeting convenes. 

 

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APICO’s board recommended increasing capital from SAR 50 million to SAR 75 million through a one-for-two bonus share distribution.

 

The capital hike will be financed through capitalizing SAR 25 million from retained earnings.

 

The move aims to enhance the company's strategic growth plan, address expansion needs and aspirations, as well as emphasize the company's financial solvency and strong financial position.

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