Future Vision secures CMA nod for 100% capital hike via bonus issue

Logo of Future Vision for Health Training Co.

Future Vision for Health Training Co. secured the no-objection of the Capital Market Authority (CMA) to increase its capital from SAR 10 million to SAR 20 million via a 1:1 bonus issue.

Eligible shareholders are those registered with the Securities Depository Center (Edaa) by the end of the second trading day following the record date, which will be determined later by Future Vision’s board of directors.

The planned capital top-up will be financed by transferring proceeds from the share premium account. As a result, the total number of outstanding shares will increase from 10 million to 20 million.

The CMA noted that the company’s deciding extraordinary general meeting (EGM) must be held within six months of this approval date, provided satisfying all applicable legalities and regulatory procedures.

Future Vision board of directors recommended in August 2025 a capital increase through the issuance of bonus shares by capitalizing SAR 10 million from IPO proceeds and retained earnings, according to Argaam’s data.