The Saudi Arabia Capital Markets Authority has approved Mohammed Hadi Al Rasheed and Partners Company’s request to raise its capital from SAR 120 million to SAR 180 million by issuing bonus shares funded from retained earnings. The increase will be implemented through the issuance of one bonus share for every two 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 the due date, which will be set later by the company’s board. The SAR 60 million increase will be paid by transferring SAR 60 million from the “retained earnings” account to share capital, increasing outstanding shares from 12,000,000 to 18,000,000 (an increase of 6,000,000 shares). An extraordinary general assembly must be held within six months from the approval date, and the company is required to meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-11-02
Saudi Arabia Capital Markets Authority approves Mohammed Hadi Al Rasheed and Partners capital increase to SAR 180 million via 1 for 2 bonus share issue
The Saudi Arabia Capital Markets Authority approved Mohammed Hadi Al Rasheed and Partners Company's capital increase from SAR 120 million to SAR 180 million via bonus shares funded from retained earnings. This involves issuing one bonus share for every two existing shares, raising total shares from 12,000,000 to 18,000,000. An extraordinary general assembly must convene within six months, and the company must comply with all regulatory requirements.