The Saudi Arabia Capital Markets Authority approved Al Mawarid Manpower Company’s request to increase its capital from SAR 150,000,000 to SAR 200,000,000 by issuing bonus shares and capitalising retained earnings. The increase will be implemented by issuing one bonus share for every three existing shares to 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 the company’s board will determine later. The capital increase will be funded by transferring SAR 50,000,000 from the “Retained earnings” account, raising outstanding shares from 15,000,000 to 20,000,000. An extraordinary general assembly must be held within six months of the approval, and the company is required to meet all applicable regulatory requirements and laws.
Saudi Arabia Capital Markets Authority 2026-01-05
Saudi Arabia Capital Markets Authority approves Al Mawarid Manpower capital increase to SAR 200 million via bonus shares
The Saudi Arabia Capital Markets Authority approved Al Mawarid Manpower Company's capital increase from SAR 150 million to SAR 200 million through bonus shares, funded by capitalizing SAR 50 million in retained earnings. The company must hold an extraordinary general assembly within six months and comply with all regulatory requirements.