The CMA has approved The National Company for Glass Industries “ ZOUJAJ” request to increase its capital from SR 250 million to SR 300 million through issuing one bonus share for every existing five 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 50 million from the Retained Earnings to the company`s capital. Consequently, increasing company`s outstanding shares from 25 million shares to 30 million shares, by an increase of 5 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.
