Edaa implements capital hike for Al Mawarid

15/02/2026 Argaam
Logo ofAl Mawarid Manpower Co.

Logo of Al Mawarid Manpower Co.

The Securities Depository Center Co. (Edaa) implemented capital increase for Al Mawarid Manpower Co.'s eligible shareholders today, Feb. 15.

 

Al Mawarid's shareholders approved on Feb. 10 the board’s recommendation on raising the company’s capital to SAR 200 million from SAR 150 million through a bonus issue.

 

Capital Hike Highlights

Current Capital

SAR 150 mln

Current No. of Shares

15 mln

Percentage of Increase

33.33% (one bonus share for every three shares held)

Method

Capitalizing SAR 50 mln from retained earnings

New Capital

SAR 200 mln

New No. of Shares

20 mln

Reasons

Supporting strategic growth plan, and reaffirming the company’s financial position

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).
 

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