Saudi Chemical Co.’s board of directors has recommended a 33.33 percent capital hike to SAR 843.2 million from SAR 632.4 million through the issue bonus shares.
The capital hike aims to boost the company’s capital base and future activities.
The process is pending approval from the general assembly and regulator.
Key Figures of the Capital Hike
SAR 632.4 mln
Number of shares
33.33% (1 share for every 3 shares)
New number of shares
Capitalizing SAR 210.8 mln from retained earnings account
General assembly meeting
To boost the company’s capital base and future activities.
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