ASG Plastic Factory Proposes 100% Capital Increase via Bonus Shares
ASG 9607.SA | 0.00 |
On July 19, 2026, ASG Plastic Factory Co. announced that its Board of Directors is convening an Extraordinary General Assembly Meeting (First Meeting) via modern technology means on August 9, 2026, at 18:30, from the company's head office in Sudair Industrial and Business City. The primary agenda item is a vote on a proposed 100% capital increase through the issuance of bonus shares, which would raise the company's capital from SAR 70,500,000 to SAR 141,000,000, and increase the number of shares from 7,050,000 to 14,100,000, funded by capitalizing SAR 23,897,450 from share premium and SAR 46,602,550 from retained earnings, with one free share granted for each existing share held. The increase aims to support the company's growth, expand its business, and strengthen its financial position. Additional agenda items include amendments to the Remuneration Policy, the Articles of Association regarding the Chairman's additional powers, and Article (21) concerning the powers of key executive roles.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96861&anCat=1&cs=9607&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/22172_6086_2026-07-19_15-42-27_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/22172_6086_2026-07-19_15-43-40_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/22172_6086_2026-07-19_15-43-05_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
