The Capital Market Authority approved Zamil Industrial Investment Co. request to increase its capital through issuance of bonus shares

The CMA has approved Zamil Industrial Investment Co request to increase its capital from SR 450 million to SR 600 million through issuing one bonus share for every existing three 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 150 million from the Retained Earnings to the company`s capital. Consequently, increasing company`s outstanding shares from 45 million shares to 60 million shares, by an increase of 15 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, provided that the holding date does not exceed six months from the date of this approval.