Edaa implements capital increase for Al-Modawat

Logo of Al-Modawat Specialized Medical Co.

The Securities Depository Center Co. (Edaa) implemented the capital increase for Al-Modawat Specialized Medical Co. today, Oct. 29, crediting the additional shares to eligible shareholders’ accounts.

 

According to data available with Argaam, Al-Modawat’s shareholders approved the board’s recommendation to increase capital via a 2-for-1 bonus issue through capitalizing SAR 47.5 million from the offering premium.

 

The decision came during the extraordinary general meeting (EGM).

 

Capital Increase Details

Current Capital

SAR 23.75 mln

Current No. of Shares

23.75 mln

New Capital

SAR 71.25 mln

New No. of Shares

71.25 mln

Percentage of Increase

200% (Two bonus shares for every existing share)

Reason

 

To support the company’s strategic growth plan, meet future expansion needs, and reaffirm financial solvency and strong financial position.

Method

Through capitalizing SAR 47.5 million from the offering premium.

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.

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