Capital Market approves 100% Asaq share increase

The Capital Market Authority has approved the increase of the share capital of Asq Plastic Factory by 100%, from 70.5 million SAR to 141 million SAR, through the distribution of one free share for every existing share. The increase will be financed by transferring 46.6 million SAR from retained earnings and 23.9 million SAR from the issuance premium, bringing the total number of shares to 14.1 million instead of 7.05 million. The company must hold an extraordinary general assembly within six months to complete the procedures.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article