The Saudi Arabia Capital Markets Authority (CMA) issued a resolution approving Academy of Learning Company’s request to increase its capital from SAR 90,000,000 to SAR 135,000,000 through a bonus share issue. The increase will be implemented by issuing one bonus share for every two existing shares to shareholders registered in the shareholders registry at the Securities Depository Center as of the close of the second trading day after the due date, which the company’s board will determine later. The SAR 45,000,000 increase will be funded by transferring SAR 45,000,000 from the “retained earnings” account to share capital, raising outstanding shares from 90,000,000 to 135,000,000 (an increase of 45,000,000 shares). An extraordinary general assembly must be held within six months of the CMA’s approval, and the company must meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-11-02
Saudi Arabia Capital Markets Authority approves Academy of Learning Company bonus-share capital increase to SAR 135 million
The Saudi Arabia Capital Markets Authority approved Academy of Learning Company's request to increase its capital from SAR 90 million to SAR 135 million through a bonus share issue. This involves issuing one bonus share for every two existing shares, funded by transferring SAR 45 million from retained earnings. The company must hold an extraordinary general assembly within six months and comply with all regulatory requirements.