The Saudi Arabia Capital Market Authority approved Mohammed Hasan AlNaqool Sons Company's request to raise capital from SAR 29 million to SAR 58 million by transferring SAR 29 million from retained earnings and issuing one bonus share for each existing share, which will increase outstanding shares to 5.8 million from 2.9 million for shareholders registered with the Security Depository Center at the close of the second trading day after the eligibility date to be set later by the company's board, with the extraordinary general assembly required to be held within six months of the approval and the company required to meet all applicable regulatory and legal requirements.
Saudi Arabia Capital Markets Authority2026-06-09
Saudi Arabia Capital Market Authority approves Mohammed Hasan AlNaqool Sons capital increase to SAR 58 million through one for one bonus shares
The Saudi Arabia Capital Market Authority approved Mohammed Hasan AlNaqool Sons Company’s capital increase from SAR 29 million to SAR 58 million by transferring SAR 29 million from retained earnings and issuing one bonus share for each existing share, raising outstanding shares from 2.9 million to 5.8 million. The approval is conditional on holding an extraordinary general assembly within six months and the company meeting all applicable regulatory and legal requirements.