Raoom shareholders OK 1:1 bonus issue

13/04/2025 Argaam
Logo ofRaoom Trading Co.

Logo of Raoom Trading Co.

Raoom Trading Co.’s shareholders approved, in an ordinary general meeting (OGM) held on April 10, a 100% capital top-up, through distributing one bonus share for every share held, as follows:

 

Capital Increase Details

Current Capital

SAR 62.50 mln

Number of Shares

6.25 mln

Nominal Value

SAR 10/share

Percentage of Increase

100%

Method

Capitalizing SAR 62.5 mln from retained earnings through a 1-for-1 bonus issue

New Capital

SAR 125 mln

New Number of Shares

12.5 mln

Reason

To strengthen the company’s financial position and align capital with growth plans

Record Date

Shareholders registered with Edaa by the close of the second trading day following the general meeting, the date for which will be determined later
 

In a separate Tadawul statement, the Saudi Exchange (Tadawul) said that the fluctuation limits today, April 13, for Raoom will be based on a share price of SAR 86.50 and the outstanding orders will be canceled.

 

Furthermore, the Securities Depository Center (Edaa) will deposit the additional shares into investor portfolios by April 15.

 

For more news on listed companies

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