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Logo of Academy of Learning (AOL)
Shareholders of Academy of Learning Co. (AOL) approved a board recommendation to increase the company’s capital through a bonus share distribution, during the extraordinary general meeting (EGM) held on Jan. 1.
The process will be financed by capitalizing SAR 45 million from retained earnings, representing a 50% capital increase (one bonus share for every two shares held), AOL said in a Tadawul statement.
Shareholders also approved the board’s proposal for a 10% cash dividend, or SAR 0.1 per share, for the fiscal year ended June 30, 2025.
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Capital Hike Highlights |
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Current Capital |
SAR 90 mln |
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No. of Shares |
90 mln |
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Par Value |
SAR 1/share |
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Capital Raise Percentage |
50% |
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Method |
Capitalization of SAR 45 million from retained earnings (granting one bonus share for every two shares held) |
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Post-Capital Hike |
SAR 135 mln |
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No. of Shares Post-Hike |
135 mln |
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Purpose |
To focus on growth and expansion in accordance with the strategic goals of the company |
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Record Date |
Jan. 1, 2026 (Shareholders of record who are registered with Edaa by the end of the second trading day following the EGM date) |
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Cash Dividend Details |
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Current Capital |
SAR 90 mln |
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Current No. of Shares |
90 mln |
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Par Value |
SAR 1/share |
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Total Dividends |
SAR 9 mln |
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Distribution Ratio |
10% (SAR 0.10 / share) |
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Record Date |
Jan. 1, 2026 (Shareholders of record who are registered with Edaa by the end of the second trading day following the EGM date) |
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Dividend Payment Date |
Within 15 business days from the record date |
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
During the EGM, shareholders also ratified the company’s plan to buy back up to 800,000 shares to allocate them under the employee share program. The buyback will be funded from the company’s own resources, and the board will be authorized to complete the purchase within a maximum of 18 months from the EGM resolution date.
The company will hold the repurchased shares for no more than 10 years from the date of the EGM approval, until they are allocated to eligible employees. After this period, the company will follow the procedures and regulations stipulated in the applicable laws.
The agenda included delegating the board to distribute interim dividends for FY ending June 30, 2026.
In a separate statement, the Saudi Exchange (Tadawul) said that the fluctuation limits today, Jan. 4 for Academy of Learning will be based on a share price of SAR 7.73 and the outstanding orders will be canceled.
Furthermore, the Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by Jan. 6.
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