AI Summary
Logo of National Environmental Recycling Co. (Tadweeer)
Shareholders of Nomu-listed National Environmental Recycling Co. (Tadweeer) approved the board’s recommendation to increase capital by 100% via a 1-for-1 bonus share distribution, during an extraordinary general meeting held on Nov. 2, according to a statement to Tadawul.
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Capital Increase Details |
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Current Capital |
SAR 116.16 mln |
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Number of Shares |
116.16 mln |
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Percentage of Capital |
100% (one bonus share for each existing share) |
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New Capital |
SAR 232.32 mln |
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Number of Shares |
232.32 mln |
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Method |
Capitalization of SAR 67.84 mln from the issue premium balance, SAR 47.74 mln from retained earnings, and SAR 577,850 from the statutory reserve balance. |
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Reasons |
To strengthen the company’s capital base to support its future strategies and expansion plans. |
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Record Date |
Nov. 2, 2025 (Shareholders of record and those registered with Edaa by the end of the second trading day following the record day) |
Fractional shares, if any, will be compiled into a single portfolio and sold at market price. The proceeds will be distributed among the eligible shareholders pro rata within a period not exceeding 30 days.
Meanwhile, the Saudi Exchange (Tadawul) announced that the fluctuation limits for the company’s shares were calculated based on a price of SAR 3.70 for today, Nov. 3, and all existing orders have been cancelled.
The Securities Depository Center Co. (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on Nov. 5.
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