The GA of Saudi International Petrochemical Company (Sipchem) approved 10% capital raise (from SAR 3333.3m to SAR 3666.7m).
The capital raise will take place through the issuance of 10% bonus shares (1 share for every 10 shares).
|
Bonus shares |
|
|
SAR 3333.3mn |
Current capital |
|
333.3 mn shares |
Number of shares |
|
10% ( 1 for every 10 shares) |
Capital raise (%) |
|
SAR 3666.7 mn |
New capital |
|
366.7mn shares |
# of Shares after raise |
|
March, 15, 2011 |
Record date |
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