Saudi Arabia’s Capital Markets Authority has approved Shatirah House Restaurant Company’s request to increase its share capital from SAR 35,000,000 to SAR 56,000,000 through the issuance of bonus shares. The increase will be implemented by issuing three bonus shares for every five existing shares 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. The SAR 21,000,000 increase will be funded by transferring the same amount from retained earnings to share capital, raising the number of outstanding shares from 35,000,000 to 56,000,000. An extraordinary general assembly must be held within six months of the approval, and the company is required to satisfy all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-08-05
Saudi Arabia Capital Markets Authority approves Shatirah House Restaurant bonus-share capital increase to SAR 56 million
Saudi Arabia's Capital Markets Authority approved Shatirah House Restaurant Company's request to increase its share capital from SAR 35 million to SAR 56 million via bonus shares. The increase will be funded by transferring SAR 21 million from retained earnings, raising outstanding shares from 35 million to 56 million. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.