The CMA has approved Basic Chemical Industries Co. request to increase its capital from SR 220 million to SR 275 million through issuing one share for every four shares owned. Such increase will be paid by transferring an amount of SR 55,000,000 from the Retained Earnings to the company`s capital. Consequently, increasing company`s outstanding shares from 22 million shares to 27.5 million shares, by an increase of 5.5 million shares. The bonus shares eligibility is limited to the shareholders who are registered in the shareholders register at the close of trading on the extraordinary general assembly day, which will be determined later by the company`s board.