AI Summary
Edaa credited bonus shares of AOL to shareholders’ portfolios
The Securities Depository Center (Edaa) said it has credited bonus shares of Academy of Learning Co. (AOL) to shareholders’ portfolios on Jan. 6, according to a statement to Tadawul.
AOL shareholders had approved a board recommendation to increase the company’s capital through a bonus share distribution at an extraordinary general meeting (EGM) on Jan. 1.
The capital increase will be funded by capitalizing SAR 45 million from retained earnings, representing a 50% increase, or one bonus share for every two shares held, Argaam data showed.
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Capital Hike Highlights |
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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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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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New Capital |
SAR 135 mln |
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Capital No. of Shares |
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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