Lime Industries board recommends 5% capital hike via bonus issue

26/03/2025 Argaam
Logo ofSaudi Lime Industries Co.

Logo of Saudi Lime Industries Co.

Saudi Lime Industries Co.  board of directors on March 25 recommended a 5% capital increase through a 1-for-20 bonus share distribution, by capitalizing SAR 11 million from the retained earnings account, 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

Shareholders of record by the close of trading on the extraordinary general meeting (EGM) date (to be announced) and those registered with Edaa at the end of the second trading day after the EGM
 

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 capital increase and the bonus issue are subject to the approval of the official authorities and company shareholders.

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