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|17 January, 2019

BRIEF: Saudi's Aldrees Petroleum And Transport Board Approves Capital Increase

ALDREES PETROLEUM AND TRANSPORT SERVICES CO4200.SE :

* BOARD APPROVES CAPITAL INCREASE TO 600 MILLION RIYALS FROM 500 MILLION RIYALS BY GRANTING 1 BONUS SHARE FOR EVERY 5 SHARES

* CAPITAL INCREASE WILL BE THROUGH CAPITALIZATION OF 29.1 MILLION RIYALS FROM RETAINED EARNINGS, 70.9 MILLION RIYALS FROM STATUTORY RESERVE

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Source: (https://bit.ly/2FwQYru) Further company coverage: 4200.SE

((Reuters.Briefs@thomsonreuters.com;))

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