Logo ofYaqeen Capital Co.
Yaqeen Capital Co.’sboard of directors recommended, on Dec. 17, a 70% capital top-up through capitalizing part of the retained earnings account and distributing 0.7 bonus share for every existing share, according to a Tadawul statement. 
Capital Increase Details
Current Capital
SAR 150 mln
Number of Shares
15 mln
Percentage of Increase
70% (0.7 share for every share held)
Capitalization
Capitalizing SAR 105 mln from retained earnings
New Capital
SAR 255 mln
New Number of Shares
15.5 mln
Reason
To expand the company’s business, develop services and increase growth opportunities.
Record Date
Shareholders of record and those registered with Edaa on the second trading day following the record date.
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at the market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
The decision is conditional on approvals from competent authorities and the extraordinary general meeting (EGM), the statement added.
Logo ofYaqeen Capital Co.
Yaqeen Capital Co.’sboard of directors recommended, on Dec. 17, a 70% capital top-up through capitalizing part of the retained earnings account and distributing 0.7 bonus share for every existing share, according to a Tadawul statement.
Capital Increase Details
Current Capital
SAR 150 mln
Number of Shares
15 mln
Percentage of Increase
70% (0.7 share for every share held)
Capitalization
Capitalizing SAR 105 mln from retained earnings
New Capital
SAR 255 mln
New Number of Shares
15.5 mln
Reason
To expand the company’s business, develop services and increase growth opportunities.
Record Date
Shareholders of record and those registered with Edaa on the second trading day following the record date.
Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at the market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.
The decision is conditional on approvals from competent authorities and the extraordinary general meeting (EGM), the statement added.
