Naba Alsaha board recommends 100% capital hike via bonus issue

13/08/2025 Argaam
Logo ofNaba Alsaha Medical Services Co.

Logo of Naba Alsaha Medical Services Co.

Naba Alsaha Medical Services Co.’s board of directors recommended on Aug. 12 a 100% capital increase through a 1-for-1 bonus share issue, according to a statement to Tadawul.

 

Capital Increase Details

Current Capital

SAR 105 mln

Current Number of Shares

10.5 mln

Proposed Increase

100% (1-for-1 bonus share distribution)

New Capital

SAR 210 mln

New Number of Shares

21 mln

Method

Capitalizing SAR 93 mln from retained earnings balance and SAR 12 mln from reserve balance

Reason

Keeping up with the company's growth, expanding operations, reaffirming the strength of its financial position.

Record Date

Shareholders of record and registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day after the record date
 

An extraordinary general meeting will be held after obtaining the necessary approvals from relevant authorities, including the Capital Market Authority (CMA), to proceed with the capital increase.

 

In 2023, Naba Alsaha had raised its capital by 50% from SAR 70 million to SAR 105 million, through a bonus issue, Argaam data showed.

 

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