The Saudi Arabia Capital Market Authority approved Taiba Investments Company’s request to raise capital from SAR 2,604,574,830 to SAR 5,000,000,000 by issuing one bonus share for every 1.09 existing shares held by shareholders recorded at the Security Depository Center at the close of the second trading day after a due date to be set later by the company’s board, funded by transferring SAR 1,000,000,000 from the statutory reserve and SAR 1,395,425,170 from share premium, increasing outstanding shares from 260,457,483 to 500,000,000, with the extraordinary general assembly to be held within six months of the approval and subject to all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2026-04-08
Saudi Arabia Capital Market Authority approves Taiba Investments capital increase to SAR 5 billion through bonus shares
The Saudi Arabia Capital Market Authority approved Taiba Investments Company’s capital increase from SAR 2,604,574,830 to SAR 5,000,000,000 through the issuance of one bonus share for every 1.09 existing shares. The increase, funded by transfers from the statutory reserve and share premium, will raise the number of outstanding shares from 260,457,483 to 500,000,000, subject to approval by the company’s extraordinary general assembly and compliance with applicable regulations.