The Saudi Arabia Capital Markets Authority has approved Al-Modawat Specialized Medical Company’s request to increase its capital from SAR 23,750,000 to SAR 71,250,000 by issuing bonus shares. The increase will be implemented by issuing two bonus shares for every one existing share held by shareholders registered in the shareholders registry at the Securities Depository Center as of the close of the second trading day after a due date to be set by the company’s board. The capital increase will be funded by transferring SAR 47,500,000 from the share premium account, raising outstanding shares from 23,750,000 to 71,250,000, an increase of 47,500,000 shares. An extraordinary general assembly must be held within six months of the approval date, and the company must meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-06-16
Saudi Arabia Capital Markets Authority approves Al-Modawat Specialized Medical Company capital increase via two-for-one bonus share issue
The Saudi Arabia Capital Markets Authority approved Al-Modawat Specialized Medical Company’s capital increase from SAR 23,750,000 to SAR 71,250,000 via bonus shares, issuing two bonus shares per existing share, funded by transferring SAR 47,500,000 from the share premium account. An extraordinary general assembly must occur within six months, and the company must comply with all regulatory requirements.