The Saudi Arabia Capital Markets Authority approved Al Ashghal Almoysra Company’s request to increase its capital from SAR 24,000,000 to SAR 48,000,000 through the issuance of bonus shares. The increase will be executed by issuing one bonus share for every one 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 by the company’s board. The capital increase will be funded by transferring SAR 24,000,000 from retained earnings to capital, raising outstanding shares from 2,400,000 to 4,800,000. The company must hold an extraordinary general assembly within six months of the approval and meet applicable regulatory requirements and laws.
Saudi Arabia Capital Markets Authority 2025-07-02
Saudi Arabia Capital Markets Authority approves Al Ashghal Almoysra capital increase via one-for-one bonus share issue
The Saudi Arabia Capital Markets Authority has approved Al Ashghal Almoysra Company's capital increase from SAR 24 million to SAR 48 million through the issuance of bonus shares. This will involve issuing one bonus share for each existing share, funded by transferring SAR 24 million from retained earnings. The company is required to hold an extraordinary general assembly within six months to comply with regulatory requirements.