Edaa implements securities quantity increase for Emaar EC

Capital Hike Details

Current Capital

SAR 5.23 bln

Current No. of Shares (Current)

523.26 mln

New Capital

SAR 8.83 bln

New No. of Shares

882.93 mln

Nominal Value

SAR 10

Total New Shares

359.67 mln

New Shares as % of Current Capital

68.74%

Issue Price

SAR 11.45 /share

Total Nominal Value of New Shares

SAR 3.59 bln

Dividend Entitlement for New Shares

All company shares belong to a single class with no preferential rights. The new shares will be issued in the same class as existing shares, carrying the same rights, including the right to receive dividends according to the relevant entitlement dates.

Reason for Capital Increase

Debt conversion is a key component of the company’s capital restructuring plan, aimed at enhancing its ability to pursue growth plans.

Voting Rights of New Shares

All company shares belong to a single class with no preferential rights. The new shares will carry the same voting rights as existing shares, in accordance with the Companies Law and the company’s Articles of Association.