Theeb automobile rental firm emblem
Choose an organization Theeb automobile rental On December 15, 2025, the date for holding the corporate’s extraordinary basic meeting to vote on the Board of Administrators’ advice to extend the corporate’s capital by way of the issuance of twenty-two.97 million new shares, As the next desk reveals:
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Particulars of capital enhance
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Present capital
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430.0 million riyals
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Variety of shares
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43 million shares
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Capital after enhance
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659.72 million riyals
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Variety of shares after the rise
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65.97 million shares
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Improve share
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53.4 %
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The variety of shares granted for every share
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– Granting 21.5 million shares as bonus shares to shareholders on the fee of 1 share for each (2) excellent shares, representing 50% of the rise within the firm’s capital..
– Allocating a further 1.47 million shares, representing 3.4% of the rise within the firm’s capital, for the aim of allocating them to the long-term worker incentive inventory program.
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The rationale for the rise
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Supporting firm development, reaching strategic aims, and enhancing the monetary place.
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Improve methodology
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The rise will probably be by way of capitalizing 161.73 million riyals from retained earnings, and capitalizing your entire steadiness of the statutory reserve, which quantities to 67.98 million riyals.
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Eligibility date
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December 15, 2025, registered within the register of the issuer’s shareholders on the Depository Middle on the finish of the second buying and selling day following the maturity date.
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The corporate mentioned in a press release on Tadawul that if there are fractional shares, the fractions will probably be collected in a single portfolio for all shareholders and bought on the market worth, then their worth will probably be distributed to the shareholders eligible for the grant, every in line with their share inside a interval not exceeding 30 days from the date of figuring out the shares owed to every shareholder.
She added that the Meeting will even vote on the worker inventory program (long-term incentives) that was accredited by the corporate’s Board of Administrators on August 7, 2024, granting the Board of Administrators all powers to allocate shares to staff, handle this system, and make any amendments at its discretion.
