Riyadh — Mubasher: The Saudi Exchange (Tadawul) announced the calculation of the daily price fluctuation limit for Arabian Plastic Industrial Company (APICO) shares based on a price of SAR 37.10.

The price adjustment follows the company’s extraordinary general meeting (EGM) held on 3 September, during which shareholders approved a capital increase through the issuance of bonus shares.

In accordance with market regulations for such corporate actions, all outstanding orders for the stock were cancelled on 6 September

The Securities Depository Center (Edaa) is scheduled to complete the technical implementation of the capital hike by depositing the bonus shares into shareholder portfolios.

This process is expected to be finalized before the start of the trading session on 8 September. The move marks the completion of the regulatory requirements for the capital expansion approved by the assembly.