Saudi Ceramic recommends increase in capital through bonus shares

12/02/2018 05:54 AST

Saudi Ceramic Co said it has recommended an increase in the company's capital through bonus shares.

The company plans to increase its capital by 20 per cent to 600 million Saudi riyals from 500 million riyals earlier. It plans to offer 1 bonus share for every five shares.

"The increasing will be through capitalisation 100 million riyals from account. The objective of this proposed share capital increase is to adjust the company's share capital to its assets level," the company said in a bourse statement.


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