The Saudi Arabia Capital Markets Authority has approved Saudi Networkers Services Company’s request to increase its capital from SAR 60,000,000 to SAR 75,000,000 through a bonus share issue of one share for every four shares held. The SAR 15,000,000 increase will be funded by transferring an equivalent amount from the company’s retained earnings to its capital. Outstanding shares will rise from 6,000,000 to 7,500,000, an increase of 1,500,000 shares, with eligibility based on shareholders registered at the Security Depository Center as of the close of the second trading day after the due date to be set later by the company’s board. The extraordinary general assembly must be held within six months of the approval, and the company is required to meet all applicable regulatory requirements and laws.
Saudi Arabia Capital Markets Authority 2026-01-05
Saudi Arabia Capital Markets Authority approves Saudi Networkers Services capital increase to SAR 75 million via 1-for-4 bonus share issue
The Saudi Arabia Capital Markets Authority approved Saudi Networkers Services Company's capital increase from SAR 60,000,000 to SAR 75,000,000 via a bonus share issue, with eligibility based on shareholders registered at the Security Depository Center as of the second trading day post-due date. The extraordinary general assembly must occur within six months, and the company must comply with all regulatory requirements.