Logo ofSaudi Lime Industries Co.
The Capital Market Authority (CMA) approved today, May 27,Saudi Lime IndustriesCo.’srequest to increase capital from SAR 220 million to SAR 231 million by issuing one bonus share for every20shares held. 
Eligible shareholders will be those registered with the Securities Depository Center (Edaa) by the end of the second trading day following the record date, which will be determined later by the company’s board of directors, the market regulator said in a statement.
The planned capital top-up will be funded by transferring SAR 11 million from the retained earnings account, which will raise the number of shares from 22 million to 23.10 million.
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The CMA stipulated that the deciding extraordinary general meeting (EGM) meeting must be held within six months from its approval date. The company must also fulfill the necessary legal procedures and requirements.
According to data available withArgaam, last March, Saudi Lime’s board recommended a 5% capital hike via bonus shares,as outlined in the following table:
Capital Increase Details
Current Capital
SAR 220 mln
Number of Shares
22 mln
Nominal Value
SAR 10
Percentage of Increase
5%(1:20 bonus issue)
New Capital
SAR 231 mln
New Number of Shares
23.1 mln
Reasons
To support the company’s growth, business expansion, and strengthen its financial position
Record Date
Shareholders of recordwho are registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day after the EGM date
Logo ofSaudi Lime Industries Co.
The Capital Market Authority (CMA) approved today, May 27,Saudi Lime IndustriesCo.’srequest to increase capital from SAR 220 million to SAR 231 million by issuing one bonus share for every20shares held.
Eligible shareholders will be those registered with the Securities Depository Center (Edaa) by the end of the second trading day following the record date, which will be determined later by the company’s board of directors, the market regulator said in a statement.
The planned capital top-up will be funded by transferring SAR 11 million from the retained earnings account, which will raise the number of shares from 22 million to 23.10 million.
For more news on listed companies
The CMA stipulated that the deciding extraordinary general meeting (EGM) meeting must be held within six months from its approval date. The company must also fulfill the necessary legal procedures and requirements.
According to data available withArgaam, last March, Saudi Lime’s board recommended a 5% capital hike via bonus shares,as outlined in the following table:
Capital Increase Details
Current Capital
SAR 220 mln
Number of Shares
22 mln
Nominal Value
SAR 10
Percentage of Increase
5%(1:20 bonus issue)
New Capital
SAR 231 mln
New Number of Shares
23.1 mln
Reasons
To support the company’s growth, business expansion, and strengthen its financial position
Record Date
Shareholders of recordwho are registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day after the EGM date
