The CMA has approved Filling and Packing Materials MFG. Co. (FIPCO) request to increase its capital from SR 68,750,000 to SR 115,000,000 through issuing one bonus share for every existing 1.4864 shares owned by the shareholders who are registered in the shareholders register at the closing of trading on the extraordinary general assembly day. Such increase will be paid by transferring an amount of SR 10,463,213 from the Statutory Reserve and an amount of SR 27,431,272 from the Retained Earnings and an amount of SR 8,355,515 from the Earnings of the period to the company`s capital. Consequently, increasing company`s outstanding shares from 6,875,000 shares to 11,500,000 shares, by an increase of 4,625,000 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.