The Capital Market Authority approved Yaqeen Capital Company’s request to increase its capital from SAR 150,000,000 to SAR 255,000,000 through the issuance of bonus shares. The increase will be implemented by issuing 0.70 bonus share for every one existing share held by shareholders registered in the shareholders registry at the Securities Depository Center as of the close of the second trading day after a due date to be set by the company’s board. Funding will come from transferring SAR 105,000,000 from the retained earnings account to share capital, raising outstanding shares from 15,000,000 to 25,500,000, an increase of 10,500,000 shares. An extraordinary general assembly must be held within six months of the approval, and the company must satisfy all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-03-25
Saudi Arabia Capital Markets Authority approves Yaqeen Capital Company capital increase to SAR 255 million via 0.70 bonus shares per share
The Saudi Arabia Capital Markets Authority has approved Yaqeen Capital Company's capital increase from SAR 150 million to SAR 255 million through bonus shares. This involves issuing 0.70 bonus shares per existing share, funded by transferring SAR 105 million from retained earnings, raising total shares from 15 million to 25.5 million. An extraordinary general assembly must occur within six months, with compliance to all regulatory requirements.