Academy of Learning shareholders to vote on 2:1 bonus shares, 10% dividend on Jan. 1

Logo of Academy of Learning Co. (AOL)

Shareholders of Academy of Learning Co. (AOL) are set to vote on the board’s recommendation to increase the company’s capital through a bonus share distribution during the extraordinary general meeting (EGM) scheduled for Jan. 1, 2026.

The capital will be hiked by capitalizing SAR 45 million from retained earnings, representing a 50% capital increase (one bonus share for every two shares held), AOL said in a Tadawul statement.

Shareholders will also vote on the board’s proposal for a 10% cash dividend, or SAR 0.1 per share, for the fiscal year ended June 30, 2025.

Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.

During the EGM, shareholders will also vote on the company’s plan to buy back up to 800,000 shares to allocate them under the employee share program. The buyback will be funded from the company’s own resources, and the board will be authorized to complete the purchase within a maximum of 18 months from the EGM resolution date.

The company will hold the repurchased shares for no more than 10 years from the date of the EGM approval, until they are allocated to eligible employees. After this period, the company will follow the procedures and regulations stipulated in the applicable laws.

The agenda includes a vote to approve interim dividends for FY ending June 30, 2026.