Aseq Gains Full Capital Boost
The Capital Market Authority has approved a 100% capital increase for Asq Plastic Factory, raising it from 70.5 million SAR to 141 million SAR. This will be achieved through the issuance of one free share for every existing share, increasing the total number of shares from 7.05 million to 14.1 million. The increase will be financed by transferring 46.6 million SAR from retained earnings and 23.9 million SAR from share premium. The Board of Directors will hold an extraordinary general assembly within six months to implement this decision.
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