The Authority's Approval of the Request of Al-Jadda Al-Oula Real Estate Development Company to Increase Its Capital Through the Issuance of Bonus Shares

موافقة الهيئة على طلب شركة الجادة الأولى للتطوير العقاري زيادة رأس مالها عن طريق منح أسهم مجانية

The Capital Market Authority approved the request of Al-Jadda Al-Oula Real Estate Development Company to increase its capital from SAR 205,000,000 to SAR 300,000,000 by granting 9 bonus shares for every 20 existing shares held by shareholders registered at the Depository Center at the end of the second trading day following the eligibility date. The capital increase will be funded by transferring SAR 95,000,000 from the share premium account, raising the share count from 205,000,000 to 300,000,000 shares, an increase of 95,000,000 shares. The extraordinary general assembly must convene within six months of this approval, and the company must complete related regulatory procedures.

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