The Capital Market Authority (CMA) has approved Saudi Industrial Services Co.’s (SISCO) request to increase capital by 20 percent to SAR 816 million, by issuing one bonus share for every five shares held, the regulator said in a statement to Tadawul on Tuesday.

 

The capital raise will be financed by transferring SAR 136 million from retained earnings, and the total outstanding shares will increase from 68 million to 81.6 million.

 

SISCO’s board of directors recommended the capital raise last month. The capital hike aims to adjust the company's capital to its assets level, and to address the cash requirements for expansion. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

SISCO’s board proposes capital hike via bonus shares

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request