Tadweeer EGM to vote on 100% capital hike via bonus issue on Nov. 2

09:08 AM (Mecca time) Argaam- Nomu
Logo ofNational Environmental Recycling Co. (Tadweeer)

Logo of National Environmental Recycling Co. (Tadweeer) 

Shareholders of National Environmental Recycling Co. (Tadweeer) will discuss a 100% capital increase, through a one-for-one bonus share distribution, during the extraordinary general meeting (EGM) to be held on Nov. 2.

 

Capital Increase Details

Current Capital

SAR 116.16 mln

Current Number of Shares

116.16 mln

Percentage of Increase

100% (one-for-one bonus share issue)

New Capital

SAR 232.32 mln

New Number of Shares

232.32 mln

Method

Capitalizing SAR 67.84 million from the issue premium balance, SAR 47.74 million from the retained earnings, and SAR 577,850 from the statutory reserve

Reasons

Boosting the company's capital base, to enhance its strategies and expansion plans

Record Date

Nov. 2, 2025, including shareholders registered with Edaa by the end of the second trading day following the record date
 

Fractional shares, if any, will be aggregated into a single portfolio for all shareholders and sold at market price. The proceeds will be distributed to eligible shareholders on a pro rata basis within 30 days from determining the entitlement to the new shares.

 

In August, the board recommended a 100% capital hike through a one-for-one bonus share distribution, according to Argaam data.

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