Introduction: Mulkia Investment Company announces Board of Directors recommendation to the Extraordinary General Assembly to increase the Company’s capital through granting bonus shares by capitalizing SAR 13 million from retained earnings. Granting one bonus share for each share owned.
Date of Board Meeting: 12 Ramadan 1446 H Corresponding to12 March 2025
Capital before increase: 65,000,000 SAR
Capital after increase: 78,000,000 SAR
Percentage of Capital increase: 20%
Number of shares before Capital increase: 6,500,000 Shares
Number of shares after Capital increase: 7,800,000 shares
Reasons for the increase: This increase aims to strengthen the company’s financial position in line with the company’s future aspirations, and enable it to implement growth plans, and maximize return for shareholders.
Number of Shares Granted per Exiting Share: One (1) share for every five (5) owned shares
Nature and Value of Reserves Used in the Capitalization: The increase will be through capitalization of SAR 13,000,000 from the retained earnings
Eligibility Date: The entitlement date for dividends to the company’s shareholders who own shares at the end of trading on the day of the Extraordinary General Assembly meeting, which will be determined later, and registered in the Company’s register at the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly meeting. Fractional Shares: In case there are fractional shares, the fractions will be consolidated in one portfolio for all shareholders to be sold at market price, then the amount will be distributed among the eligible shareholders proportionately as per ownership percentage within a period not exceeding 30 days from the date of determining the due shares for each shareholder.
Fractional Shares: In case there are fractional shares, the fractions will be consolidated in one portfolio for all shareholders to be sold at market price, then the amount will be distributed among the eligible shareholders proportionately as per ownership percentage within a period not exceeding 30 days from the date of determining the due shares for each shareholder.
Approvals: The proposed grant is subject to obtaining necessary approvals from competent authorities and Extraordinary General Assembly on the capital increase and number of granted shares.