Sipchem’s GA approves 10% capital raise

15/03/2011 Argaam

The GA of Saudi International Petrochemical Company (Sipchem) approved 10% capital raise (from SAR 3333.3m to SAR 3666.7m).

The capital raise will take place through the issuance of 10% bonus shares (1 share for every 10 shares).

 

Bonus shares

SAR 3333.3mn

Current capital

333.3 mn shares

Number of shares

10% ( 1 for every 10 shares)

Capital raise (%)

SAR 3666.7 mn

New capital

366.7mn shares

# of Shares after raise

March, 15, 2011

Record date

 

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