Logo ofMulkia Investment Co.
The Capital Market Authority (CMA) approved Mulkia Investment Co.‘s request to increase its capital from SAR 65 million to SAR 78 million through issuing one bonus share for every five existing shares owned, according to a statement. 
Eligibility to the bonus share distribution will be to shareholders who are registered with the Securities Depository Center (Edaa) as of the closing of the second trading day after the due date which will be determined later.
The increase will be funded by capitalizing SAR 13 million from the company’s retained earnings account.
Consequently, the number of the company’s outstanding shares will be increased from 6.5 million to 7.8 million.
The company’s extraordinary general assembly meeting will be held within six months from this approval date and the company shall satisfy all regulatory requirements and applicable laws.
According to data available with Argaam, the company’s board of directors recommended a 20% capital increase through a 1-for-5 bonus share issue.
Capital Increase Details
Current Capital
SAR 65 mln
Current Number of Shares
6.5 mln
Nominal Value / Share
SAR 10
Capital Increase (%)
20% (One bonus shares for each five existing shares)
Method
Capitalizing SAR 13 million from retained earnings
New Capital
SAR 78 mln
Number of Shares
7.8 mln
Reason
Enhancing financial solvency in line with its future aspirations, implementing growth plans and maximizing shareholder returns.
Eligibility
Shareholders of record on the general meeting, which will be determined later, and those registered with Edaa by the end of the second trading day after the general meeting date
Share fractions, if any, will be consolidated into a single portfolio for all shareholders and sold at the market price. The resulting amount will then be distributed among eligible shareholders pro rata, within a period not exceeding 30 days.
Logo ofMulkia Investment Co.
The Capital Market Authority (CMA) approved Mulkia Investment Co.‘s request to increase its capital from SAR 65 million to SAR 78 million through issuing one bonus share for every five existing shares owned, according to a statement.
Eligibility to the bonus share distribution will be to shareholders who are registered with the Securities Depository Center (Edaa) as of the closing of the second trading day after the due date which will be determined later.
The increase will be funded by capitalizing SAR 13 million from the company’s retained earnings account.
Consequently, the number of the company’s outstanding shares will be increased from 6.5 million to 7.8 million.
The company’s extraordinary general assembly meeting will be held within six months from this approval date and the company shall satisfy all regulatory requirements and applicable laws.
According to data available with Argaam, the company’s board of directors recommended a 20% capital increase through a 1-for-5 bonus share issue.
Capital Increase Details
Current Capital
SAR 65 mln
Current Number of Shares
6.5 mln
Nominal Value / Share
SAR 10
Capital Increase (%)
20% (One bonus shares for each five existing shares)
Method
Capitalizing SAR 13 million from retained earnings
New Capital
SAR 78 mln
Number of Shares
7.8 mln
Reason
Enhancing financial solvency in line with its future aspirations, implementing growth plans and maximizing shareholder returns.
Eligibility
Shareholders of record on the general meeting, which will be determined later, and those registered with Edaa by the end of the second trading day after the general meeting date
Share fractions, if any, will be consolidated into a single portfolio for all shareholders and sold at the market price. The resulting amount will then be distributed among eligible shareholders pro rata, within a period not exceeding 30 days.
