Logo of Mulkia Investment Co.
Shareholders of Mulkia Investment Co. approved the board recommendation to increase the company’s capital by 20% through a one-for-five bonus share distribution, during the extraordinary general meeting (EGM) held on July 15.
Capital Increase Details |
|
Current Capital |
SAR 65 mln |
Number of Shares |
6.5 mln |
Nominal Value |
SAR 10 |
Capital Increase (%) |
20% (one bonus share for each five existing shares) |
Method |
Capitalizing SAR 13 mln from retained earnings |
New Capital |
SAR 78 mln |
Number of Shares |
7.8 mln |
Reason |
Enhancing financial solvency in line with the company's future aspirations, implementing growth plans, and maximizing shareholders' equity |
Record Date |
July 15, 2025 (Shareholders registered with Edaa by the end of the second trading day following the record date) |
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Fractional shares, if any, will be compiled into a single portfolio for all shareholders, to be sold at market price. Their value will be distributed to eligible shareholders pro rata within a period not exceeding 30 days.
In a separate statement, the Saudi Exchange (Tadawul) said the fluctuation limits on the stock today, July 16, will be based on a share price of SAR 41.5. The outstanding orders will be cancelled.
Furthermore, the Securities Depository Center (Edaa) will deposit the bonus shares into investor portfolios before the beginning of trading on July 20.
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