March 13, 2018 / 12:59 PM / 6 months ago

BRIEF-Saudi's SASCO Board Proposes Capital Increase through Stock Dividend

March 13 (Reuters) - SAUDI AUTOMOTIVE SERVICES CO:

* BOARD PROPOSES CAPITAL INCREASE TO 600 MILLION RIYALS FROM 540 MILLION RIYALS THROUGH STOCK DIVIDEND OF 1 SHARES FOR EVERY 9 SHARES

* CAPITAL INCREASE WILL BE DONE BY CAPITALIZING 60 MILLION RIYALS FROM RETAINED EARNINGS Source text for Eikon: Further company coverage:

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