CMA approves Saudi Networkers’ 25% capital hike via bonus shares

05/01/2026 Argaam
Logo ofNetworkers Services (SNS)

Logo of Networkers Services (SNS)

The Capital Market Authority (CMA) approved Saudi Networkers Services (SNS) application to increase its capital from SAR 60 million to SAR 75 million, the market regulator said in a statement.

 

The CMA noted that the planned capital increase will be implemented through the issuance of one bonus share for every four existing shares.

 

Eligibility for the bonus shares will be limited to shareholders registered with the Securities Depository Center Co. (Edaa) by the end of the second trading day following the record date, which will be determined later by the company’s board of directors.

 

The capital increase will be funded by transferring SAR 15 million from retained earnings. Accordingly, the number of shares will rise from 6 million to 7.5 million shares.

 

The CMA added that the company must convene an extraordinary general meeting (EGM) within six months from the approval date and comply with all regulatory requirements and applicable laws.

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