Riyadh – Mubasher: Saudi Ceramic Company’s board of directors recommended raising the company’s capital by 33.3% through granting bonus shares.

Hence, the company’s capital will be increased to SAR 800 million from SAR 600 million through capitalising SAR 200 million from the retained earnings, according to a bourse disclosure on Thursday.

The capital hike, subject to the approval of competent bodies and the extraordinary assembly, aims to support the company’s future expansions.