AI Summary
Logo of United International Holding Co. (Tasheel)
The board of directors of United International Holding Co. (Tasheel) decided today, Jan. 22, to amend the nature and value of the reserves to be used for funding the company’s planned capital hike.
In a statement to Tadawul, Tasheel said the planned move will be funded through the capitalization of SAR 500 million from the statutory reserve and retained earnings accounts, while excluding the additional capital contribution account that was previously included.
According to Argaam’s data, Tasheel’s board recommended, in March 2025, a 200% capital top-up, through distributing 47 million bonus shares at 1.88 bonus shares for each existing share, in addition to the allocation of three million shares for a long-term employee incentive plan.
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Capital Increase Details |
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Current Capital |
SAR 250 mln |
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Number of Shares |
25 mln |
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Percentage of Increase |
200% |
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New Capital |
SAR 750 mln |
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New Number of Shares |
75 mln |
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Method |
Distributing 47 mln bonus shares at 1.88 shares for each existing share, or 47 shares for 25 exiting shares. Allocating 3 mln shares for the employee long-term incentive plan. |
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Value/Nature of Reserves |
Capitalizing SAR 500 mln from the statutory reserve and retained earnings. |
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Record Date |
Shareholders of record and those registered with Edaa on the second trading day following the general meeting date. |
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Reason |
To boost financial position |
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