The Saudi Arabia Capital Market Authority has approved Multi Business Group Company’s request to increase its capital from SAR 15,000,000 to SAR 45,000,000 by issuing two bonus shares for every one existing share. The increase will be funded by transferring SAR 30,000,000 from the company’s share premium account, taking total outstanding shares from 15,000,000 to 45,000,000. The bonus shares will be allocated to shareholders registered in the shareholders registry at the Securities Depository Center at the close of the second trading day after the eligibility date, which the company’s board will determine later. The 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 2026-04-21
Saudi Arabia Capital Market Authority approves Multi Business Group Company capital increase to SAR 45 million via two-for-one bonus share issue
Saudi Arabia’s Capital Market Authority approved Multi Business Group Company’s capital increase from SAR 15,000,000 to SAR 45,000,000 by issuing two bonus shares for each existing share, funded by transferring SAR 30,000,000 from the share premium account and raising outstanding shares from 15,000,000 to 45,000,000. Bonus shares will be allocated to shareholders registered at the Securities Depository Center as of the close of the second trading day after the eligibility date, subject to an extraordinary general assembly within six months and compliance with regulatory requirements.