Marble Design Co.’s board of directors proposed a 25% capital hike through a one-for-four bonus share distribution
Marble Design Co.’s board of directors proposed raising the company’s capital by 25% through a one-for-four bonus share distribution, during a meeting held on Sept. 28. 
The company will capitalize SAR 15 million from the retained earnings balance to fund the increase, according to a statement toTadawul.
Capital Increase Highlights
Current Capital
SAR 60 mln
Current No. of Shares
60 mln
Percentage of Increase
25%
New Capital
SAR 75 mln
New No. of Shares
75 mln
Method
1-for-4 bonus share distribution
Funding
Capitalizing SAR 15 mln from retained earnings
Reasons
To support strategic growth plans, future expansion needs, and reaffirm strong financial position and solvency
Record Date
Shareholders registered with Edaaby the end of thesecond trading day following the record date
Marble Design said any fractional shares, if any,will be aggregated into a single portfolio for all shareholders and sold at market price. The proceeds will be distributed to eligible shareholders on a pro rata basis within 30 days from determining the entitlement to the new shares.
The bonus share issuance is conditional upon obtaining the necessary approvals from relevant regulatory authorities and the extraordinary general assembly regarding the capital increase and the number of granted shares.
Marble Design Co.’s board of directors proposed a 25% capital hike through a one-for-four bonus share distribution
Marble Design Co.’s board of directors proposed raising the company’s capital by 25% through a one-for-four bonus share distribution, during a meeting held on Sept. 28.
The company will capitalize SAR 15 million from the retained earnings balance to fund the increase, according to a statement toTadawul.
Capital Increase Highlights
Current Capital
SAR 60 mln
Current No. of Shares
60 mln
Percentage of Increase
25%
New Capital
SAR 75 mln
New No. of Shares
75 mln
Method
1-for-4 bonus share distribution
Funding
Capitalizing SAR 15 mln from retained earnings
Reasons
To support strategic growth plans, future expansion needs, and reaffirm strong financial position and solvency
Record Date
Shareholders registered with Edaaby the end of thesecond trading day following the record date
Marble Design said any fractional shares, if any,will be aggregated into a single portfolio for all shareholders and sold at market price. The proceeds will be distributed to eligible shareholders on a pro rata basis within 30 days from determining the entitlement to the new shares.
The bonus share issuance is conditional upon obtaining the necessary approvals from relevant regulatory authorities and the extraordinary general assembly regarding the capital increase and the number of granted shares.
