The Saudi Arabia Capital Market Authority approved Asas Makeen Real Estate Development and Investment Company’s request to increase its capital from SAR 100,000,000 to SAR 300,000,000 by issuing bonus shares. The increase will be implemented by issuing two bonus shares for each existing share held by shareholders registered in the shareholders registry at the Security Depository Center as of the close of the second trading day after a due date to be set later by the company’s board. The SAR 200,000,000 capital increase will be funded by transferring the same amount from retained earnings to capital, raising outstanding shares from 10,000,000 to 30,000,000 (an increase of 20,000,000 shares). An extraordinary general assembly must be held within six months of the approval, and the company must meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2026-02-02
Saudi Arabia Capital Market Authority approves Asas Makeen capital increase to SAR 300 million via 2-for-1 bonus shares
The Saudi Arabia Capital Market Authority approved Asas Makeen Real Estate Development and Investment Company's capital increase from SAR 100 million to SAR 300 million through issuing bonus shares, funded by transferring SAR 200 million from retained earnings. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.