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) |
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New Capital |
SAR 600 mln |
|
New number of shares |
60 mln shares |
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Record date |
April 26, 2018 |
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Deriver |
To support the company’s expansions, growth, solvency margin and financial position. |
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