UIHC board recommends 200% capital increase

24/03/2025 Argaam
Logo ofUnited International Holding Co. (UIHC)

Logo of United International Holding Co. (UIHC)

The board of directors of United International Holding Co. (UIHC) recommended on March 23 increasing the company’s capital by 200%, according to a statement to Tadawul.

 

Capital will increase from SAR 250 million to SAR 750 million through distributing 47 million bonus shares at 1.88 shares for each existing share, in addition to the allocation of three million shares for a long-term employee incentive plan.

 

Capital Increase Details

Current Capital

SAR 250 mln

Number of Shares

25 mln

Percentage of Increase

200%

New Capital

SAR 750 mln

Number of Shares

75 mln

Method

Distributing 47 million bonus shares at 1.88 shares for each existing share, or 47 shares for 25 exiting shares. Allocating three million shares for the employee long-term incentive plan.

Value/Nature of Reserves

Capitalizing SAR 500 mln from the statutory reserves, additional capital contribution accounts and retained earnings.

Record Date

Shareholders of record and those registered with Edaa on the second trading day following the general meeting date.

Reason

To boost financial position

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