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Saudi Automotive Services Co. (SASCO) announces an update on the board’s recommendation to increase the capital by granting bonus shares.
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Saudi Automotive Services Company (SASCO) on March 28, 2024 regarding the board’s recommendation to increase the capital by granting bonus shares. SASCO reports that on April 22, 2024, the company’s Board of Directors decided to amend the capitalization method to use the whole amount of the statutory reserve (83.1 million SAR) in addition to the amount (16.9 million SAR) of the retained earnings balance, instead of capitalizing the full amount (100 million SAR) from retained earnings. |
| Previous Announcement | Saudi Automotive Services Co. (SASCO) announces the board’s recommendation to increase the capital by granting bonus shares. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-03-28 Corresponding to 1445-09-18 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Using the full amount of the statutory reserve (83.1 million SAR) in addition to the amount (16.9 million SAR) of the retained earnings balance instead of capitalizing the whole amount (100 million SAR) from retained earnings. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Company Performance
Key Parameters
Last Price 81.2
Net Change -3.5 (-4.13%)
Value Traded (Sar) 43,292,405
Volume Traded 540,302
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