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Sipchem boosts share capital
- Saudi Arabia: Wednesday, March 21 - 2007 at 10:25
The Saudi International Petrochemical Company has decided to increase its share capital from $400m to $533.5m, reported Arab News. Abdulaziz Al Zamil, the Chairman of Sipchem's board, said one bonus share will be issued for every three shares owned by a shareholder. The move will increase the total number of shares to 200m, up from 150m.
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Jonathan Sheikh-Miller, Deputy EditorWednesday, March 21 - 2007 at 10:25 UAE local time (GMT+4)
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This article was updated on Sat Apr 07 2007.
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