The Saudi Arabia Capital Markets Authority approved Shatirah House Restaurant Company’s request to increase its capital from SAR 35,000,000 to SAR 56,000,000 through the issuance of bonus shares, funded by transferring SAR 21,000,000 from retained earnings to capital. The increase will be implemented by issuing three bonus shares for every five 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 that will be set later by the company’s board. Outstanding shares will rise from 35,000,000 to 56,000,000, an increase of 21,000,000 shares, and an extraordinary general assembly must be held within six months of the approval, subject to meeting all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-08-05
Saudi Arabia Capital Markets Authority approves Shatirah House Restaurant Company 3-for-5 bonus share capital increase to SAR 56 million
The Saudi Arabia Capital Markets Authority has approved Shatirah House Restaurant Company's capital increase from SAR 35 million to SAR 56 million through the issuance of bonus shares. This will involve issuing three bonus shares for every five existing shares, raising the total outstanding shares by 21 million. An extraordinary general assembly must be convened within six months, contingent on regulatory compliance.