Riyadh – Mubasher: Sadara Basic Services Company, the indirectly 100% owned by Sadara Chemical Company (Sadara) on Monday announced that Sadara amended its all its articles of associations and raised its capital through loans of shareholders.
These amendments which reflects Sadara’s capital increase were implemented through the authorisation and approval of its partners namely Excellent Performance Chemicals Company and Dow Saudi Arabia Holding B.V., according to a statement to the Saudi Stock Exchange (Tadawul).
The capital will grow to SAR 31.69 billion from SAR 29.06 billion, and the numbers of shares will increase to 3.17 billion shares from 2.9 billion shares.
The capital hike of Sadara does not impact on the financial results Sadara Basic Services Company.
