The CMA has approved Saudi Arabia Refineries Co. request to increase its capital from SR 60,000,000 to SR 150,000,000 through issuing 1.5 bonus shares for every exciting share 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 90,000,000 from the retained earnings to the company`s capital. Consequently, increasing company`s outstanding shares from 6,000,000 shares to 15,000,000 shares, an increase of 9,000,000 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.