Logo of Marble Design Co.
The Securities Depository Center Co. (Edaa) implemented the capital increase for Marble Design Co. today, Dec. 7, crediting the additional shares to eligible shareholders’ accounts.
According to data available with Argaam, Marble Design’s shareholders approved the board’s recommendation to increase capital by issuing bonus shares. The increase will be implemented by capitalizing SAR 15 million from retained earnings, with a 1-for-4 bonus share distribution.
|
Capital Increase Highlights |
|
|
Current Capital |
SAR 60 mln |
|
Number of Shares |
60 mln |
|
New Capital |
SAR 75 mln |
|
New Number of Shares |
75 mln |
|
Percentage of Capital Increase |
25% (1 bonus share for every 4 existing share) |
|
Reason |
Supporting the strategic growth plan, meeting future expansion requirements, and reinforcing the company’s financial strength |
|
Method |
Capitalizing SAR 15 mln from retained earnings |
|
Record Date |
Dec. 2, 2025 (Shareholders registered with Edaa by the end of the second trading day after the record date) |
Be the first to comment
Comments Analysis: