Saudi Arabia's Capital Markets Authority approved Raoom Trading Company's request to increase its capital by issuing bonus shares, providing one bonus share for every one existing share. The capital increase doubles share capital from SAR 62,500,000 to SAR 125,000,000 and is funded by transferring SAR 62,500,000 from the company's retained earnings account to capital. Outstanding shares will rise from 6,250,000 to 12,500,000, an increase of 6,250,000 shares. The bonus shares will be allocated to shareholders registered in the shareholders registry at the Security Depository Center at the close of the second trading day after a due date that will be determined later by the company's board. 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 2025-03-10
Saudi Arabia's Capital Markets Authority approves Raoom Trading Company's 1-for-1 bonus share issue to double capital to SAR 125 million
Saudi Arabia's Capital Markets Authority approved Raoom Trading Company's capital increase by issuing bonus shares, doubling its share capital from SAR 62,500,000 to SAR 125,000,000. This increase is funded by transferring SAR 62,500,000 from retained earnings, raising outstanding shares from 6,250,000 to 12,500,000. An extraordinary general assembly must be held within six months, and all regulatory requirements must be met.