CMA says received 116 capital increase requests worth SAR 100 bln in 5 years

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Saudi Arabia's Capital Market Authority (CMA) stated that it received nearly 116 capital increase requests worth more than SAR 100 billion from Tadawul-listed companies from January 2018 to H1 2022.

 

In a statement, the market regulator added that this reflects its role of providing financing to the listed companies, as well as the economy in general.

 

Abdullah Binghannam, CMA Deputy for Listed Companies and Investment Products, said the requests approved by the authority include capital hike through capitalization, rights issue and debt conversion.

 

He added that the capitalization requests accounted for 60.3% of the total, followed by rights issue with 37.1%, and debt conversion with 2.6%.

 

The table below indicates the number of capital increase approvals since 2018:

 

Number of Approvals and Capital Increase Size Since 2018

Year

Number of Approvals

Capital Increase Size

(SAR bln)

2018

26

18.08

2019

21

21.33

2020

14

11.30

2021

29

7.48

H1 2022

26

58.41

Total

116

116.60

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