Riyadh – Mubasher: The Capital Market Authority (CMA) has approved Saudi Ceramic Company’s request to increase its capital from SAR 600 million to SAR 800 million through issuing one bonus share for every three existing shares.  

The increase will be paid by transferring SAR 200 million from the retained earnings account of the company’s capital, according to an official statement.

Accordingly, the company's outstanding shares will be increased from 60 million to 80 million.

In February 2021, the board of directors recommended raising the company’s capital by 33.3% to support future expansions.