Sadara Basic Services Co., an indirect subsidiary of Sadara Chemical Co., has increased its capital to SAR 35.63 billion from SAR 34.88 billion through loans from shareholders, the company said in a statement to Tadawul on Sunday.
The capital hike increased the company's shares outstanding from 3,487,500,000 to 3,562,500,000.
Sadara's owners have retained their original stakes following the capital hike, with Excellent Performance Chemicals Company holding 65 percent and Dow Saudi Arabia Holding B.V. owning the remaining 35 percent.
The capital increase will not result in any financial impact on Sadara Basic Services, the statement said.
Meanwhile, the company restated all provisions of its articles of association in line with the Companies Law to reflect the capital increase, it informed.
Sadara is 65 percent owned by Saudi Aramco and 35 percent by American Dow Chemicals.
|
Key Figures |
|
|
Current capital |
SAR 34.88 bln |
|
Number of shares |
3.49 bln shares |
|
Increase (%) |
2.15% |
|
New Capital |
SAR 35.63 bln |
|
New number of shares |
3.56 bln shares |
|
Par value per share |
SAR 10 |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}