Saudi Arabia Capital Market Authority has approved Al Rashid Industrial Company’s request to increase its capital from SAR 80 million to SAR 120 million by transferring SAR 40 million from retained earnings to capital and issuing one bonus share for every two existing shares, which will raise outstanding shares to 12 million from 8 million, with entitlement for shareholders registered 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, while requiring the extraordinary general assembly to be held within six months of the approval and the company to meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2026-04-20
Saudi Arabia Capital Market Authority approves Al Rashid Industrial Company capital increase to SAR 120 million via 1 for 2 bonus shares
The Saudi Arabia Capital Markets Authority approved Al Rashid Industrial Company’s capital increase from SAR 80 million to SAR 120 million by transferring SAR 40 million from retained earnings and issuing one bonus share for every two existing shares, raising outstanding shares from 8 million to 12 million. Share entitlement will be for shareholders registered at the Securities Depository Center as of the close of the second trading day after a board-set due date, and the company must convene an extraordinary general assembly within six months and comply with regulatory requirements.