Al Ashghal Al Moysra board approves 100% capital hike via bonus issue

15/05/2025 Argaam
Logo ofAl Ashghal Al Moysra Co.

Logo of Al Ashghal Al Moysra Co.

Al Ashghal Al Moysra Co.’s board of directors approved on May 14 increasing capital by 100% by capitalizing SAR 24 million from retained earnings and issuing one bonus share for every existing share.

 

Capital Increase Details

Current Capital

SAR 24 mln

Number of Shares

2.4 mln

Percentage of Increase

100%

Method

1 bonus share for every share held

Reserves Used

Capitalizing SAR 24 mln from retained earnings

New Capital

SAR 48 mln

Number of Shares

4.8 mln

Reason

To enhance the strategic growth plan, address future expansion needs and aspirations, and reaffirm the company’s financial solvency and strong financial position. 

Record Date

For 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 any fractional shares will be combined into a single portfolio for all shareholders and sold at market price.

 

The proceeds will then be distributed to eligible shareholders pro rata within a period not exceeding 30 days from determining the new shares eligible for each shareholder.

 

The bonus issue is conditional upon obtaining the necessary approvals from the official authorities and company shareholders on the planned capital increase and the number of granted shares.

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