Obeikan Glass gets CMA's nod on capital hike via bonus issue

05/02/2023 Argaam

CMA approves Obeikan Glass bonus shares to hike capital to SAR 320 mln

Obeikan Glass manufacturing facility

Obeikan Glass Co. obtained the approval of the Capital Market Authority (CMA) to increase its capital from SAR 240 million to SAR 320 million through a one-for-three bonus share distribution.

 

Details of Capital Increase

Current capital

SAR 240 mln

Number of shares

24 mln

Capital hike (%)

33.3% (one share for every three shares held)

Capital after increase

SAR 320 mln

Number of shares after increase

32 mln

Recrd date

Shareholders registered with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the general assembly meeting, which will be determined later.

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