The Capital Market Authority's Approval of the Application of Mohammed Hassan Al-Naqool Sons Company to Increase Its Capital Through the Issuance of Bonus Shares

موافقة الهيئة على طلب شركة أبناء محمد حسن الناقول زيادة رأس مالها عن طريق منح أسهم مجانية

The Capital Market Authority has approved the application of Mohammed Hassan Al-Naqool Sons Company to increase its capital from SAR 29,000,000 to SAR 58,000,000 through the issuance of one bonus share for every one existing share held by shareholders registered in the issuer's shareholder register at the depository at the close of the second trading day following the entitlement date, which the board of directors will determine at a later time. The capital increase will be funded by transferring SAR 29,000,000 from retained earnings, raising the number of shares from 2,900,000 to 5,800,000. The extraordinary general assembly must convene within six months of this approval, and the company must complete all relevant regulatory requirements.

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