Maharah approves 26.32% capital hike via bonus shares

The increase will be funded by capitalizing the statutory reserve and a portion of retained earnings

Shareholders of Maharah Human Resources Co. approved a 26.32% capital increase through the capitalization of the company's entire statutory reserve and part of its retained earnings.

In a statement to Tadawul, the company said its capital will increase to SAR 600 million from SAR 475 million through the issuance of 125 million bonus shares, equivalent to five shares for every 19 shares held.

The capital increase aims to strengthen the company's financial position, enhance solvency, support expansion plans, and help achieve its strategic objectives.

Maharah said the increase will be financed by capitalizing its entire SAR 103.06 million statutory reserve, in addition to SAR 21.94 million from retained earnings.

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.

Shareholders also authorized the board of directors to distribute semi-annual or quarterly interim dividends for 2026 and discharged board members from liability for 2025.

They also appointed KPMG as the company's external auditor for a fee of SAR 1.5 million, excluding VAT.

Meanwhile, the Saudi Exchange (Tadawul) said that the fluctuation limits for the company’s shares were calculated based on a price of SAR 5.04 for today, June 30, 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 July 2, 2026.