Saudi Ceramic Co.'s fluctuation limit for its capital increase will be based on a share price of SAR 21.34, the Saudi Stock Exchange (Tadawul) said in a statement on Sunday.

 

The additional shares will be deposited into investor's portfolios on May 1, it added.

 

Last week, the tile manufacturer's extraordinary general assembly approved a 20 percent capital increase from SAR 500 million to SAR 600 million, through the issue of one bonus share for every five shares held.

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