The Saudi Arabia Capital Markets Authority issued a resolution approving Al Hassan Ghazi Ibrahim Shaker Company’s request to increase its share capital from SAR 555.0 million to SAR 677.1 million through a bonus share issue. The company will issue one bonus share for every five existing shares to shareholders registered in the shareholders registry at the Security Depository Center as of the close of the second trading day after the due date, which will be set later by the board. The SAR 122.1 million increase will be funded by transferring the same amount from retained earnings to share capital, increasing outstanding shares from 55.5 million to 67.71 million, an increase of 12.21 million shares. An extraordinary general assembly must be held within six months from the approval date, and the company is required to satisfy all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-11-04
Saudi Arabia Capital Markets Authority approves Al Hassan Ghazi Ibrahim Shaker Company bonus issue to raise capital to SAR 677.1 million
The Saudi Arabia Capital Markets Authority approved Al Hassan Ghazi Ibrahim Shaker Company's request to increase its share capital from SAR 555.0 million to SAR 677.1 million through a bonus share issue. The increase will be funded by transferring SAR 122.1 million from retained earnings, raising shares from 55.5 million to 67.71 million. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.