The emblem of the smooth works firm
The extraordinary common meeting of an organization agreed Facilitated works Throughout its assembly yesterday, Wednesday, the advice of the Board of Administrators relating to the rise in capital by 100% by granting free shares by an arrow for every present share, by drawing 24 million riyals of the earnings, Because it turns into clear within the following desk:
|
Particulars of the capital improve
|
|
|
The present capital
|
24.0 million riyals
|
|
The variety of shares
|
2.40 million shares
|
|
The speed of improve in capital
|
100 %
|
|
Extra methodology
|
Grant one share for every shareholder who owns one share
|
|
Easy methods to cowl the rise
|
Be aware 24 million riyals, from the rejected revenue account
|
|
Capital after the rise
|
48.0 million riyals
|
|
The variety of shares after the rise
|
4.8 million shares
|
|
The explanations for the rise
|
Enhancing the strategic progress plan, future growth wants and aspirations, and emphasizing its monetary affinity and the energy of its monetary place
|
|
Historical past of proper
|
September 24, 2025:
|
The corporate stated in a press release to Tadawul, that within the occasion of inventory fractures, they are going to be collected in a single portfolio for all shares marketing campaign, and it’s bought on the market worth, then its worth is distributed to the shareholders as a result of grant every in accordance with its share, inside a interval not exceeding 30 days from the date of figuring out the shares due for every shareholder.
To see extra information of listed corporations
She said that the affiliation additionally agreed to switch the formal reserve steadiness of 15,000 riyals, in addition to within the annual monetary statements ending on December 31, 2024 for the steadiness of the remaining earnings.
She added that the affiliation additionally agreed to amend Article 4 of the corporate’s primary system associated to the corporate’s functions.
The agenda additionally included the approval of the works and contracts that can happen between the corporate and the marching works firm, which every of the Chairman of the Board of Administrators Subhi Muqat Farhan Al -Juwair – a non -executive member, and the vice -chairman Hamida Afash Muhammad Al -Khalidi – a non -executive member, and a member of the board of administrators Abdul Aziz Subhi Muqat Al -Juwair – an government member, an oblique curiosity in it.
She identified that the enterprise and contracts are (business transactions – offering the corporate with employment to work for it in accordance with the necessity) and its length is a yr, figuring out that the worth of the transactions that had been made for the licensed contract within the strange common meeting held on June 25, 2024 in the course of the yr 2024, which is the quantity of 1.06 million riyals, and the worth of the quantity paid in the course of the yr 2024 is 873.2 thousand riyals, whereas the steadiness reached the tip of the interval quantity of 414.5 thousand riyals and these transactions are completed in The context of normal enterprise and in accordance with the prevailing business circumstances and with none preferential circumstances.
In a press release, Saudi Arabia’s buying and selling introduced that the volatility fee of the corporate’s share was calculated on the idea of the value of 26.16 for this Thursday, September 25, 2025, and the abolition of present orders.
It said that the Securities Depository Middle will add the grant shares within the shareholders’ portfolios earlier than the beginning of buying and selling on Monday, September 29, 2025.
