AI Summary
Logo of Multi Business Group Co.
The Capital Market Authority (CMA) granted Multi Business Group Co. the approval to increase its capital from SAR 15 million to SAR 45 million.
In the regulator’s statement, the authority said the increase will be carried out through the issuance of two bonus shares for every one held.
Eligible shareholders are those registered with the Security Depository Center (Edaa) by the end of the second trading day after the record date that will be determined later.
The capital increase will be financed by transferring SAR 30 million from the share premium account, which will increase the number of shares from 15 million to 45 million, an increase of 30 million shares.
The company’s extraordinary general meeting (EGM) shall be held within six months from this approval date and the company shall satisfy all regulatory requirements and applicable laws, said the regulator.
According to data available with Argaam, Multi Business’s board of directors recommended, in February 2026, a 200% capital increase through a 2-for-1 bonus share issuance.
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Capital Increase Details |
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Current Capital |
SAR 15 mln |
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No. of Shares |
15 mln |
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Percentage of Increase |
200% (2-for-1 bonus share) |
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New Capital |
SAR 45 mln |
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New No. of Shares |
45 mln |
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Reason |
The company aims to increase its capital to strengthen its capital base, support the execution of current and future projects, and better align its financial structure with its growth and expansion plans. |
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Method |
Through the capitalization of SAR 30 million from the share premium account. |
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Record Date |
Shareholders of record and those registered with Edaa on the second trading day following the record date. |
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