Emblem of Balsam Al Horizon Medical Firm
Choose an organization Horizon Medical Balm December 21, 2025, the date for holding the corporate’s extraordinary basic meeting to vote on the Board of Administrators’ advice By rising the corporate’s capital by 100% from 12.5 million riyals to 25 million riyals, by granting free shares, As the next desk reveals:
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Particulars of capital improve
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Present capital
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12.50 million riyals
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Variety of shares
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1.25 million shares
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Capital after improve
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25.00 million riyals
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Variety of shares after the rise
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2.50 million shares
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Improve proportion
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100% (granting one share to each shareholder who owns one share)
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The rationale for the rise
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Enhancing the strategic progress plan, future enlargement wants and aspirations, and emphasizing its monetary suitability and the energy of its monetary place
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Improve methodology
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By capitalizing an quantity of 10.15 million riyals from the share premium stability and an quantity of two.35 million riyals from the retained earnings account.
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Eligibility date
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December 21, 2025, for these 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 stated 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 overall meeting will even vote on amending Article (7) of the corporate’s bylaws, which pertains to “capital,” and also will vote on amending Article (8) of the corporate’s bylaws, which pertains to “subscription to shares.”
