2 days ago
CMA requests more details on National Building's planned bonus issue
Nomu-listed National Building and Marketing Co. (NBM) received a request from the Capital Market Authority (CMA) for more information on its planned capital increase via a bonus issue.
In a Tadawul filing today, Aug. 10, the company said it will submit the required details in line with regulations and will announce any further developments in due course.
On March 29, NBM's board approved a 150% capital hike by issuing 1.5 bonus shares for each share held, capitalizing SAR 180 million from retained earnings.
