AI Summary
Logo of Al-Modawat Specialized Medical Co.
The Securities Depository Center Co. (Edaa) implemented the capital increase for Al-Modawat Specialized Medical Co. today, Oct. 29, crediting the additional shares to eligible shareholders’ accounts.
According to data available with Argaam, Al-Modawat’s shareholders approved the board’s recommendation to increase capital via a 2-for-1 bonus issue through capitalizing SAR 47.5 million from the offering premium.
The decision came during the extraordinary general meeting (EGM).
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Capital Increase Details |
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Current Capital |
SAR 23.75 mln |
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Current No. of Shares |
23.75 mln |
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New Capital |
SAR 71.25 mln |
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New No. of Shares |
71.25 mln |
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Percentage of Increase |
200% (Two bonus shares for every existing share) |
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Reason |
To support the company’s strategic growth plan, meet future expansion needs, and reaffirm financial solvency and strong financial position. |
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Method |
Through capitalizing SAR 47.5 million from the offering premium. |
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Record Date |
Oct. 26, 2025, for shareholders of record, who are registered with Edaa on the second trading day following the record date. |
Fractional shares, if any, will be compiled in one portfolio for all shareholders and sold at the market price. The proceeds will then be distributed to eligible shareholders pro rata within 30 days.
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