Riyadh – Mubasher: The Capital Market Authority (CMA) passed the capital hike requests of National Shipping Company of Saudi Arabia (Bahri) and Saudi Lime Industries Company on 27 May, according to bourse statements.

Bahri will increase its capital to SAR 9.22 billion from SAR 7.38 billion by issuing one bonus share for every four owned shares.

The firm will transfer SAR 1.84 billion from the retained earnings account to implement the transaction.

Following the transaction, the number of shares will stand at 922.85 million, higher by 184.57 million compared with 738.28 million shares.

Bahri recently announced quarterly financials, with 17.63% year-on-year (YoY) higher net profits at SAR 532.82 million in the first quarter (Q1) of 2025, compared to SAR 452.93 million.

Saudi Lime

The Tadawul-listed firm will raise its capital by SAR 11 million to SAR 231 million from SAR 220 million. The company will grant one bonus share for every 20 existing shares.

Accordingly, the new capital will be distributed over 23.10 million shares, instead of 22 million shares.