Saudi Ceramic approves 20% capital hike through bonus shares

29/04/2018 Argaam

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.

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