Saudi Arabia's Capital Market Authority approved Maharah Human Resources Company's request to increase its capital from SAR 475 million to SAR 600 million by issuing five bonus shares for every 19 existing shares, funded by transferring SAR 103,056,265 from statutory reserves and SAR 21,943,735 from retained earnings, which will raise outstanding shares by 125 million to 600 million, with eligibility based on shareholders registered at the Security Depository Center at the close of the second trading day after the due date to be set by the board, and the extraordinary general assembly must be held within six months while the company satisfies all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2026-05-14
Saudi Arabia Capital Market Authority approves Maharah Human Resources capital increase to SAR 600 million through bonus share issue
The Saudi Arabia Capital Market Authority approved Maharah Human Resources Company’s capital increase from SAR 475 million to SAR 600 million through the issuance of five bonus shares for every 19 existing shares. The increase will be funded by transfers from statutory reserves and retained earnings and will raise the number of outstanding shares from 475 million to 600 million, subject to shareholder eligibility and an extraordinary general assembly.