30
Nov
11:40
Saudi's Bena Steel calls for capital hike
Steel processor Bena Steel Industries Co (BSIC)'s board of directors has recommended increasing its share capital by 20% or SAR 10 million ($2.66 million) from its current capital at SAR 50m. This will be done by capitalising SAR 10m of the retained earnings by one-for-five bonus issuance, Kallanish notes.
The company's objective is to support and strengthen its capital base and future activities, thereby contributing to its growth and expan…
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Anonymous
Very good overview of the weekly steel market.
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