The Saudi Arabia Capital Market Authority has approved Maharah Human Resources Company’s request to increase its capital from SAR 475 million to SAR 600 million through a bonus share issue. The increase will add 125 million shares, taking the company’s outstanding shares from 475,000,000 to 600,000,000, with shareholders receiving five bonus shares for every 19 existing shares. The capital increase will be funded by transferring SAR 103,056,265 from statutory reserves and SAR 21,943,735 from retained earnings to capital. Eligibility will apply to shareholders registered in the shareholders registry at the Security Depository Center at the close of the second trading day after the due 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 satisfy all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority2026-05-14
Saudi Arabia Capital Market Authority approves Maharah Human Resources capital increase to SAR 600 million through bonus shares
The Saudi Arabia Capital Market Authority approved Maharah Human Resources Company’s capital increase from SAR 475 million to SAR 600 million via a bonus share issue, adding 125 million shares and granting shareholders five bonus shares for every 19 existing shares. The increase will be funded by transferring SAR 103,056,265 from statutory reserves and SAR 21,943,735 from retained earnings, and remains subject to an extraordinary general assembly and compliance with regulatory requirements.