The CMA has approved AL-Babtain Power & Telecommunication Company request to increase its capital from SR (270,000,000) to SR (405,000,000) through issuing one bonus share for every two 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 (135,000,000) from retained earnings to the company`s capital. Consequently, increasing company`s outstanding shares from (27,000,000) shares to (40,500,000) shares, by an increase of (13,500,000) 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.