The Saudi Arabia Capital Market Authority approved Mulkia Investment Company’s request to increase its capital from SAR 65,000,000 to SAR 78,000,000 through the issuance of bonus shares. The increase will be executed by issuing one bonus share for every five existing shares held by shareholders registered in the shareholders registry at the Securities Depository Center as of the close of the second trading day after the due date, which will be set later by the company’s board. The capital increase will be funded by transferring SAR 13,000,000 from retained earnings to capital, raising outstanding shares from 6,500,000 to 7,800,000, an increase of 1,300,000 shares. An extraordinary general assembly must be held within six months of the approval, and the company is required to meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-05-22
Saudi Arabia Capital Market Authority approves Mulkia Investment Company capital increase via one-for-five bonus share issue
The Saudi Arabia Capital Market Authority has approved Mulkia Investment Company's capital increase from SAR 65 million to SAR 78 million through the issuance of bonus shares. This will involve issuing one bonus share for every five existing shares, funded by transferring SAR 13 million from retained earnings. The company must hold an extraordinary general assembly within six months and comply with all regulatory requirements.