Saudi Ceramic Co.’s extraordinary general assembly approved on Thursday a 20 percent capital hike to SAR 600 million from SAR 500 million through the issue of one bonus share for every five shares held, the company said in a statement on Tadawul.
|
Key Figures of the Capital hike |
|
|
Current Capital |
SAR 500 mln |
|
Number of shares |
50 mln shares |
|
Increase (%) |
20% (1 for every 5 shares) |
|
New Capital |
SAR 600 mln |
|
New number of shares |
60 mln shares |
|
Record date |
April 26, 2018 |
|
Deriver |
To support the company’s expansions, growth, solvency margin and financial position. |
Comments
{{DisplayName}}
{{ElapsedTime}}