The CMA has approved Middle East Specialized Cables Co. (MESC) request to increase its capital from SR 320 million to SR 400 million through issuing one bonus share for every four 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 80 million from the retained earnings to the company`s capital, consequently, increasing company`s outstanding shares from 32 million shares to 40 million shares, by an increase of 8 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.