Theeb shareholders approve 53.4% capital increase

Theeb will distribute 1-for-two bonus shares and allocate 1.47 million shares for the employee incentive program

Any fractional shares will be compiled into a single portfolio for all shareholders and offered at market price, with proceeds distributed pro rata within 30 days.

Shareholders also approved the long-term employee share program, previously endorsed by the board on Aug. 7, 2025. The board is authorized to allocate shares to employees, manage the program, and make amendments at its discretion.

The EGM agenda further included amendments to several articles of the company’s bylaws, covering participation and ownership in companies, the company’s purchase, sale, and pledging of its own shares, as well as the issuance of sukuk and bonds.

The Saudi Exchange (Tadawul) announced that the fluctuation limits for the company’s share will be calculated based on a price of SAR 39.62 as of today, Tuesday, Dec. 16, 2025, and that all outstanding orders will be cancelled.

The Securities Depository Center (Edaa) will also add the bonus shares to shareholders’ portfolios before the start of trading on Thursday, Dec. 18, 2025.