AI Summary
Marble Design shareholders approved a 25% capital increase through bonus shares and expanded the company’s business activities.
Marble Design Co.’s shareholders approved the board’s recommendation to increase capital by 25% through a bonus share issue, capitalizing SAR 15 million from retained earnings.
The decision was made during the extraordinary general meeting (EGM) held on Dec. 2, according to a statement to Tadawul.
The increase will be implemented by granting one bonus share for every four shares held.
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Capital Increase Highlights |
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Current Capital |
SAR 60 mln |
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Number of Shares |
60 mln |
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New Capital |
SAR 75 mln |
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New Number of Shares |
75 mln |
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Percentage of Capital Increase |
25% (1 bonus share for every 4 existing share) |
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Method |
Capitalizing SAR 15 mln from retained earnings |
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Reason |
Supporting the strategic growth plan, meeting future expansion requirements, and reinforcing the company’s financial strength |
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Record Date |
Dec. 2, 2025 (Shareholders registered with Edaa by the end of the second trading day after the record date) |
Fractional shares, if any, will be combined into a single portfolio and sold at market price. Proceeds will be distributed to eligible shareholders on a pro rata basis within a maximum of 30 days.
Shareholders also approved amending Article 4 of the Articles of Association to expand the company’s business activities by adding the following:
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Additional Business Activities |
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Business Activity |
Description |
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Manufacturing |
Manufacture of other porcelain and ceramic products |
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Manufacture of furniture |
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Construction |
Construction of utility projects |
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Construction works related to other civil engineering projects |
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Demolition |
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Site preparation |
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Transport & Storage |
Urban and suburban passenger land transport |
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Land transport of goods |
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Land transport-related support services |
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Cargo handling |
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Saudi Tadawul announced that the price fluctuation limits for the company’s shares will be set today, Dec 3, 2025, based on a share price of SAR 5.88, and that all outstanding orders will be cancelled.
The Securities Depository Center Company (Edaa) will add the bonus shares to shareholders’ portfolios before the start of trading on Sunday, Dec. 7, 2025.
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