Shaker board recommends 22% capital hike via bonus issue, employee stock plan

21/08/2025 Argaam
Logo ofAl Hassan Ghazi Ibrahim Shaker Co. (Shaker)

Logo of Al Hassan Ghazi Ibrahim Shaker Co. (Shaker)

Al Hassan Ghazi Ibrahim Shaker Co.’s (Shaker) board of directors recommended, on Aug. 20, a 22% capital increase from SAR 555 million to SAR 677.1 million, according to a statement to Tadawul.

 

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The capital top-up will be through the distribution of 11.1 million bonus shares, or 20% of the capital before the increase, via a 1-for-5 bonus share issue.
Additionally, the company seeks to establish an employee stock program under a long-term incentive plan, allocating 1.11 million shares from the capital increase, representing 2% of the pre-increase capital.

 

Capital Increase Details

Current Capital

SAR 555 mln

Current Number of Shares

55.5 mln

Proposed Increase

22%

Method

Capitalizing SAR 122.1 mln from retained earnings balance

Bonus Shares

11.1 mln (1-for-5 bonus share issue, or 20% of capital)

Treasury Shares

1.11 mln (2% of capital)

New Capital

SAR 677.1 mln

New Number of Shares

67.71 mln

Reason

To support the company’s future plans

Record Date

Shareholders of record and registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day after the record date

 

Fractional shares, if any, will be compiled into a single portfolio for all shareholders, and will be sold at market price. Their value will be distributed to eligible shareholders pro rata within a period not exceeding 30 days.

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