AI Summary
Logo of Mohammed Hadi Al Rasheed and Partners Co.
Shareholders of Mohammed Hadi Al Rasheed and Partners Co. will discuss a 50% capital increase through the issuance of bonus shares during the extraordinary general meeting (EGM) held on Dec. 4.
The increase will be through granting one bonus share for every two shares held.
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Capital Increase Highlights |
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Current Capital |
SAR 120 mln |
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Number of Shares |
12 mln |
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Percentage of Capital Increase |
50% (1-for-2) |
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New Capital |
SAR 180 mln |
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New Number of Shares |
18 mln |
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Method |
Capitalizing SAR 60 mln from retained earnings |
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Reason |
As part of the company’s strategy aligned with its future plans for expansion and growth, it aims to create greater long-term value by investing in various available opportunities, while reaffirming its financial strength and solid financial position. |
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Record Date |
Dec. 5, 2025 (Shareholders registered with Edaa by the end of the second trading day after the record date) |
In a statement to Tadawul, the company said fractional shares, if any, will be collected in a single portfolio to be sold at market price. The proceeds will then be distributed among eligible shareholders pro rata within 30 days maximum from the date of determining each shareholder’s eligible shares.
Shareholders will also vote on amending Article 7 of the company's bylaws related to capital increase, and Article 8 on subscription.
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