The Capital Market Authority (CMA) has approved the request of Yamama Saudi Cement Company Limited to increase its capital from SR 1,350,000,000 to SR 2,025,000,000 through issuing one bonus share for every two existing shares owned by the shareholders who are registered in the shareholders registry at the closing of trading on the day of the extraordinary general assembly. Such an increase will be paid by transferring an amount of SR 675,000,000 from additional reserve to the company's capital. "Consequently, increasing company's outstanding shares from 135,000,000 shares to 202,500,000 shares, by an increase of 67,500,000 shares. The bonus shares eligibility is limited to the shareholders who are registered in the shareholders registry at the close of trading on the day of the extraordinary general assembly, which will be determined later by the company's board, and should be held within six months from the approval date, according to a latest press release of CMA. --MORE
