The Saudi Arabia Capital Markets Authority approved National Environmental Recycling Company’s request to double its capital from SAR 116,160,000 to SAR 232,320,000 by issuing one bonus share for every one existing share. The increase will be funded by transferring SAR 67,838,889 from the share premium account, SAR 47,743,261 from retained earnings, and SAR 577,850 from the statutory reserve to share capital. As a result, outstanding shares will rise from 116,160,000 to 232,320,000, an increase of 116,160,000 shares. The bonus shares will be allocated to shareholders registered in the shareholders registry at the Securities Depository Center as of the close of the second trading day after the due date, which will be set later by the company’s board. An extraordinary general assembly must be held within six months of the approval, and the company must comply with all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-10-06
Saudi Arabia Capital Markets Authority approves National Environmental Recycling Company capital increase to SAR 232,320,000 via 1-for-1 bonus shares
The Saudi Arabia Capital Markets Authority approved the National Environmental Recycling Company's request to double its capital from SAR 116.16 million to SAR 232.32 million by issuing one bonus share per existing share. The increase will be funded by transferring amounts from the share premium account, retained earnings, and statutory reserve. An extraordinary general assembly must be held within six months, and the company must adhere to all regulatory requirements.