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Logo of Qomel Co.
Shareholders of Nomu-listed Qomel Co. approved the board’s recommendation to increase capital by 100% via a 1-for-1 bonus share distribution, during the extraordinary general meeting held on April 20, according to a statement to Tadawul.
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Capital Increase Details |
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Current Capital |
SAR 35 mln |
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Number of Shares |
3.5 mln |
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Percentage of Capital |
100% (one bonus share for each existing share) |
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Method |
Granting one bonus share for each existing share through capitalizing SAR 32.6 million from the offering premium and SAR 2.4 million from the retained earnings. |
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New Capital |
SAR 70 mln |
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Number of Shares |
7 mln |
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Reasons |
To boost strategic growth, future expansions, solvency and financial position |
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Record Date |
April 20, 2025 (Shareholders of record and those registered with Edaa on the second trading day following the record day) |
Fractional shares, if any, will be compiled into a single portfolio and sold at market price.
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The proceeds will be distributed among the eligible shareholders pro rata within a period not exceeding 30 days.
Shareholders further approved the transfer of the statutory reserve balance amounting to SAR 2.27 million, as per the annual financial statements ending Dec. 31, 2024, to the retained earnings account.
Additionally, they authorized the board to distribute interim dividends on a semi-annual or quarterly basis for 2025.
Meanwhile, the Saudi Exchange (Tadawul) announced that the fluctuation limits for the company’s shares were calculated based on a price of SAR 59.90 for today, April 21, and all existing orders have been cancelled.
The Securities Depository Center Company (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on April 23.
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