KnowledgeNet proposes 50% capital hike via bonus issue

11/06/2025 Argaam
Logo ofKnowledgeNet Co.

Logo of KnowledgeNet Co.

KnowledgeNet Co.'s board of directors recommended on June 4 a increasing capital by capitalizing SAR 17.5 million from retained earnings and issuing one bonus share for every two shares held.

 

Capital Increase Details

Current Capital

SAR 35 mln

Number of Shares

3.5 mln

Percentage of Increase

50%

Method

Capitalizing SAR 17.5 mln from retained earnings, and issuing one bonus share for every two shares held

New Capital

SAR 52.5 mln

Number of Shares

5.25 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. 

 

In a statement to Tadawul, the company said any fractional shares will be compiled 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.

 

Shareholders of record and those registered with Edaa at the end of the second trading day after the record date are eligible.

 

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