AI Summary
Logo of Al-Modawat Specialized Medical Co.
The decision came during the extraordinary general meeting (EGM) held on Oct. 26, according to a statement to Tadawul.
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Capital Increase Details |
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Current Capital |
SAR 23.75 mln |
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Number of Shares |
23.75 mln |
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New Capital |
SAR 71.25 mln |
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Number of Shares |
71.25 mln |
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Percentage of Increase |
200% (Two bonus shares for every existing share) |
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Reason |
To support the company’s strategic growth plan, meet future expansion needs, and reaffirm financial solvency and strong financial position. |
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Method |
Through capitalizing SAR 47.5 million from the offering premium |
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Record Date |
Oct. 26, 2025, for shareholders of record, who are registered with Edaa on the second trading day following the record date |
Fractional shares, if any, will be compiled in one portfolio for all shareholders and sold at the market price. The proceeds will then be distributed to eligible shareholders pro rata within 30 days.
Shareholders further approved transferring the statutory reserve balance amounting to SAR 2.94 million, as per financial statements for 2024 and H1 2025, to the retained earnings account.
The Saudi Exchange (Tadawul) said the daily fluctuation limits were calculated based on a share price of SAR 5.50 on Oct. 27, 2025, and all outstanding orders were canceled.
The Securities Depository Center Company (Edaa) will add the bonus shares to shareholders’ portfolios before the start of trading on Oct. 29, 2025.
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