AI Summary
Al Mawarid will issue one bonus share for every three shares held
Shareholders of Al Mawarid Manpower Co. approved the board’s recommendation on raising the company’s capital to SAR 200 million from SAR 150 million through a bonus issue.
The decision was made during the dextrorotary general meeting (EGM) held on Feb. 10.
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Capital Hike Highlights |
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Current Capital |
SAR 150 mln |
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Current No. of Shares |
15 mln |
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Percentage of Increase |
33.33% (one bonus share for every three shares held) |
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Method |
Capitalizing SAR 50 mln from retained earnings |
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New Capital |
SAR 200 mln |
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New No. of Shares |
20 mln |
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Reasons |
Supporting strategic growth plan, and reaffirming the company’s financial position |
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Record Date |
Feb. 10, 2026 (Shareholders of record and those registered with Edaa by the end of the second trading day following the record date). |
Any fractional shares will be compiled in one portfolio and offered at market price. The proceeds will be distributed to eligible shareholders pro rata within a period not exceeding 30 days.
In November 2025, Al Mawarid’s board recommended a 33.33% capital increase. The proposal was approved by the Capital Market Authority (CMA) in January 2026.
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