Saudi Arabia's Capital Market Authority approved ASG Plastic Factory Company's request to increase its capital from SAR 70.5 million to SAR 141 million by issuing one bonus share for each existing share, funded by transferring SAR 46,602,550 from retained earnings and SAR 23,897,450 from share premium to capital, which will raise the number of outstanding shares from 7,050,000 to 14,100,000, with eligibility tied to shareholders registered at the Security Depository Center at the close of the second trading day after a due date to be set later by the company's board and with the extraordinary general assembly required to be held within six months of the approval.
Saudi Arabia Capital Markets Authority2026-06-29
Saudi Arabia Capital Market Authority approves ASG Plastic Factory capital increase to SAR 141 million through one for one bonus issue
Saudi Arabia's Capital Market Authority approved ASG Plastic Factory Company's request to increase capital from SAR 70.5 million to SAR 141 million through a one-for-one bonus share issue. The increase will be funded from retained earnings and share premium, lifting outstanding shares to 14.1 million, and the extraordinary general assembly must be held within six months.