Saudi Arabia's Capital Market Authority approved Arabian Plastic Industrial Company's request to increase its capital to SAR 102 million from SAR 75 million through a one-for-three bonus share issue funded by transferring SAR 26,614,043 from retained earnings and SAR 385,957 from additional capital, which will raise outstanding shares to 10.2 million from 7.5 million for shareholders registered at the Securities Depository Center at the close of the second trading day after a due date to be set by the company's board, with the extraordinary general assembly required to be held within six months and the company required to satisfy all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority2026-07-09
Saudi Arabia Capital Market Authority approves Arabian Plastic Industrial capital increase to SAR 102 million through one for three bonus share issue
Saudi Arabia's Capital Market Authority approved Arabian Plastic Industrial Company's plan to increase capital to SAR 102 million from SAR 75 million through a one-for-three bonus share issue. The move will increase outstanding shares to 10.2 million from 7.5 million, with the extraordinary general assembly to be held within six months.