The company will use reserves and retained profits for the 10 riyals per share capital boost, and distribute bonus shares after getting regulatory approval, it said in a statement on the Saudi bourse website.
The company will also distribute a cash dividend of 6 riyals per share, for a total of SAR270m, out of first-half profit, it said in a separate statement Saturday.
The company reported in April a first quarter net profit of SAR151.5m, a 5.4 per cent decrease from the year earlier which it attributed to lower prices.
