The Saudi Arabia Capital Markets Authority approved Paper Home Company’s request to increase its share capital from SAR 20,000,000 to SAR 60,000,000 by issuing bonus shares. The increase will be implemented by issuing two bonus shares for every one existing share 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 to be set later by the company’s board. The SAR 40,000,000 capital increase will be funded by transferring SAR 40,000,000 from the “retained earnings” account to share capital, raising outstanding shares from 2,000,000 to 6,000,000 (an increase of 4,000,000 shares). An extraordinary general assembly must be held within six months of the approval, and the company must meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-06-16
Saudi Arabia Capital Markets Authority approves Paper Home Company capital increase to SAR 60m via 2-for-1 bonus shares
The Saudi Arabia Capital Markets Authority approved Paper Home Company's request to increase its share capital from SAR 20 million to SAR 60 million by issuing bonus shares. The increase will be funded by transferring SAR 40 million from retained earnings, raising outstanding shares from 2 million to 6 million. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.