CMA approves the capital raise request for Arabian Cement Company through issuance of bonus shares

The Capital Market Authority (CMA) approved Arabian Cement company’s request to raise its capital from SAR 800m to SAR 1000m through issuing one bonus share for every 4 existing shares owned by the shareholders.

 The bonus shares eligibility is limited to the shareholders who are registered in the shareholders registry at the close of trading on the day of the extraordinary general assembly, which will be determined later by the Company's board, and should be held within six months from the approval date. This approval is conditional on the Company satisfying the regulatory requirements of Companies Law and any other applicable laws.