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Choose an organization Studying Academy January 1, 2026 is the date for holding the extraordinary basic meeting of the corporate to vote on the Board of Administrators’ suggestion to extend the corporate’s capital by granting free shares to the corporate’s shareholders by capitalizing an quantity of 45 million riyals from retained earnings, which represents the rise of fifty% of the corporate’s capital and granting one share for each two shares owned.
The corporate mentioned in an announcement on Tadawul that the overall meeting can even vote on the board’s suggestion to distribute money dividends to shareholders of 10% of the capital (equal to 0.1 riyals per share) as dividends for the monetary yr ending on June 30, 2025.
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Particulars of capital improve
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Present capital
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90.00 million riyals
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Variety of shares
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90.00 million riyals
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The nominal worth of the inventory
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Riyals per share
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Proportion of capital improve
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50 %
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Enhance technique
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Capitalization of solely 45 million riyals of retained earnings (one share for each two shares owned)
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Capital after improve
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135.00 million riyals
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Variety of shares after the rise
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135.00 million shares
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Causes for the rise
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Deal with progress and growth in keeping with the corporate’s strategic objectives
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due date
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January 1, 2026, registered within the firm’s shareholder register on the Securities Depository Heart (Edaa) on the finish of the second buying and selling day following the date of the assembly.
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Particulars of money dividends
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Present capital
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90 million riyals
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Present variety of shares
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90 million shares
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The nominal worth of the inventory
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1 riyal per share
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Complete dividends distributed
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9 million riyals
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Distribution ratio
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10% (equal to 0.10 riyals per share)
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due date
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January 1, 2026, and people registered within the firm’s shareholder register on the Depository Heart on the finish of the second buying and selling day following the date of the Common Meeting.
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Dividend disbursement date
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Inside 15 working days from the due date specified within the Common Meeting decision
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She defined that if there are fractional shares, the fractions can be collected in a single portfolio for all shareholders and bought on the market worth, then their worth can be distributed to the shareholders eligible for the grant, every in keeping with their share, inside a interval not exceeding 30 days from the date of figuring out the shares owed to every shareholder.
She said that the meeting can even vote on the corporate’s buy of plenty of its shares, with a most of 800,000 shares, with the intention of allocating them to the corporate’s staff inside the worker inventory program. The acquisition can be financed from the corporate’s personal sources, and on authorizing the Board of Administrators to finish the acquisition course of inside a most interval of 18 months from the date of the extraordinary basic meeting’s determination.
She indicated that the corporate will retain the bought shares for a interval not exceeding 10 years from the date of the extraordinary basic meeting’s approval as a most till they’re allotted to eligible staff. After the expiry of this era, the corporate will comply with the procedures and controls stipulated within the related legal guidelines and laws.
