Lime Industries shareholders OK 5% capital hike via bonus issue

08:44 AM (Mecca time) Argaam
Logo ofSaudi Lime Industries Co.

Logo of Saudi Lime Industries Co.

Saudi Lime Industries Co.’s shareholders approved increasing capital by 5% through a 1-for-20 bonus share distribution, by capitalizing SAR 11 million from the retained earnings account.

 

The approval came during the extraordinary general meeting (EGM) held on July 14, according to a statement to Tadawul.

 

Capital Increase Details

Current Capital

SAR 220 mln

Number of Shares

22 mln

Nominal Value per Share

SAR 10

Proposed Increase

5% (1-for-20 bonus share distribution)

Method

Capitalizing SAR 11 mln from retained earnings

New Capital

SAR 231 mln

New Number of Shares

23.1 mln

Reason

Keeping up with the company's growth, expanding operations, and strengthening its financial position.

Record Date

July 14, 2025 - Shareholders of record and those registered with Edaa by the close of the second trading day following the EGM.
 

For more news on listed companies

 

Fractional shares, if any, will be compiled in one portfolio for shareholders and will be offered at the market price. The proceeds will then be distributed to eligible shareholders pro rata within a period not exceeding 30 days.

 

The Saudi Exchange (Tadawul) said that the fluctuation limits today, July 15, for Lime Industries will be based on a share price of SAR 12.38.
Edaa will deposit the bonus shares into shareholders' portfolios before the start of trading on July 17, 2025.

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