Saudi Arabia's Capital Market Authority approved Foods Gate Trading Company's request to increase its capital from SAR 21,000,000 to SAR 31,500,000 through the issuance of bonus shares. The transaction will be implemented by issuing one bonus share for every two existing shares 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 determined by the company’s board. The capital increase will be funded by transferring SAR 10,500,000 from the “Retained earnings” account to share capital, raising outstanding shares from 2,100,000 to 3,150,000 (an increase of 1,050,000 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 2025-05-01
Saudi Arabia's Capital Market Authority approves Foods Gate Trading Company bonus-share capital increase from SAR 21m to SAR 31.5m
Saudi Arabia's Capital Market Authority has approved Foods Gate Trading Company's capital increase from SAR 21 million to SAR 31.5 million through bonus shares. The increase will be executed by issuing one bonus share for every two existing shares, funded by transferring SAR 10.5 million from retained earnings. The company must hold an extraordinary general assembly within six months and comply with all regulatory requirements.