The Capital Market Authority (CMA) has just approved the issuance of bonus shares by Advanced Petrochemical Company (Advanced) [2330.SE]. The BoD had proposed increasing the share capital of the company by 20% from SAR1.64bn to SAR1.97bn via the distribution of one bonus share for every  five shares owned. This will increase the number of issued shares to 196.794 million from 163.995 million shares. The ex-date for the bonus issue will be the day following the conclusion of the extraordinary general meeting (EGM), the date of which the company has yet to determine. (Tadawul)   Advanced: SAR47.61 as of 30 May 2016, Rating: Neutral, FV: SAR47.00 per share, MCap: USD2,082 million, APPC AB / 2330.SE