AI Summary
Logo of Lana Medical Co.
Shareholders of Lana Medical Co. greenlit the board of directors’ recommendation on a 50% capital increase from SAR 36 million to SAR 54 million by issuing a bonus share for every two shares held.
The decision came during the extraordinary general meeting (EGM) held on March 25.
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Capital Increase Highlights |
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Current Capital |
SAR 36 mln |
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Number of Shares |
3.6 mln |
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Percentage of Increase |
50% |
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Method |
Granting one bonus share for every two shares held. The capital increase will be financed from retained earnings |
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New Capital |
SAR 54 mln |
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Number of Shares |
5.4 mln |
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Reasons |
To meet financing obligations for the company's current, future, and expansion projects |
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Record Date |
March 26, 2025 (Shareholders registered with Edaa on the second day following the record date) |
In a statement to Tadawul, Lana said that fractional shares, if any, will be compiled in one portfolio and will be sold at market price. The proceeds will be distributed pro rata among eligible shareholders within 30 days.
For more news on listed companies
The Saudi Exchange (Tadawul) announced the fluctuation limit for Lana’s stock will be calculated based on a price of SAR 29.75 today, March 26, with all outstanding orders being canceled.
The bonus shares will be deposited by the Securities Depository Center Co. (Edaa) into shareholder portfolios before the start of trade on April 3.
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