Saudi Chemical Company announces 33% bonus share issuance
Saudi Chemical Company announced that its BoD has proposed to increase the company’s capital via a bonus share issuance. The proposed increase is 33.33% of capital, which will increase the number of shares to 84.3mn, with a value of SAR843.2mn. The objective is to enhance and strengthen the company’s capital base and future activities. This increase is subject to the approvals of the official authorities and shareholder’s EGM.