Yaqeen Capital to vote on 70% capital hike via bonus shares on May 14

22/04/2025 Argaam
Logo ofYaqeen Capital

Logo of Yaqeen Capital

Shareholders of Nomu-listed Yaqeen Capital will vote on a 70% capital increase through the capitalization of a portion of retained earnings via a 0.70-for-1 bonus share issuance at the extraordinary general meeting (EGM) scheduled for May 14.

 

Capital Increase Details

Current Capital

SAR 150 mln

Number of Shares

15 mln

Percentage of Increase

70% (0.7 bonus share for every share held)

Capitalization

Capitalizing SAR 105 mln from retained earnings

New Capital

SAR 255 mln

New Number of Shares

25.5 mln

Reason

To expand the company's business, develop services and increase growth opportunities.

Record Date

May 14, 2025 (shareholders of record and those registered with Edaa on the second trading day following the record date).
 
 

In a statement to Tadawul, the company said that any fractional shares will be compiled into a single portfolio and sold at market price. The proceeds will be pro rata divided among eligible shares within a period not exceeding 30 days.

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