The Saudi Arabia Capital Markets Authority approved Academy of Learning Company’s plan to increase its capital from SAR 135 million to SAR 157.5 million by issuing one bonus share for every six existing shares, funded through a SAR 22.5 million transfer from retained earnings, subject to an extraordinary general assembly within six months and completion of applicable regulatory requirements.
Saudi Arabia Capital Markets Authority approves Academy of Learning’s SAR 22.5 million bonus share capital increase
The Saudi Arabia Capital Markets Authority approved Academy of Learning Company’s SAR 22.5 million capital increase through one bonus share for every six existing shares, raising total capital to SAR 157.5 million.