Saudi Lime Industries GA Approves 5% Capital Increase

Saudi Lime Industries Co. (SL) announced on Tuesday that the Extraordinary General Assembly Meeting (First Meeting) approved the Board of Directors’ recommendation to increase the Company’s capital by issuing bonus shares to shareholders, as follows:

• Total amount of the increase: SAR 11,000,000;

• Capital before the increase: SAR 220,000,000;

• Capital after the increase: SAR 231,000,000;

• Capital increase percentage: 5%;

• Number of shares before the increase: 22,000,000;

• Number of shares after the increase: 23,100,000;

• Method of covering the increase: Capitalising an amount of SAR 11,000,000 from the retained earnings balance;

• Increase rate per share: One share for every 20 shares owned; and

• Reasons for the increase: To keep pace with the company’s growth, expand its business and strengthen its financial position.

The Company explained that if the clause is approved, the entitlement date for bonus shares will be for the Company’s shareholders who own shares on the day of the Extraordinary General Assembly and are registered in the Company’s Shareholder Registry at the Securities Depository Centre Company (Edaa) at the end of the second trading day following the entitlement date. If fractional shares exist, they will be pooled into a single portfolio for all shareholders, sold at the market price and then distributed to the shareholders entitled to the bonus, each according to their shareholding, within a period not exceeding 30 days from the date on which the shares due to each shareholder are determined