Logo ofUnited International Holding Co.’s
The Capital Market Authority (CMA) approved United International Holding Co.’s (UIHC) request to increase capital from SAR 250 million to SAR 750 million, through distributing bonus shares at 47 shares per each 25 owned shares. The distribution will be to shareholders of record who are registered with the Security Depository Center (Edaa) by the close of trading on the second trading day after the record date that will be determined later.
The bonus distribution will be to shareholders of record who are registered with the Security Depository Center (Edaa) by the close of trading on the second trading day after the record date that will be determined later.
The capital increase will be financed by transferring SAR 43.93 million from statutory reserve account and SAR 456.07 million from the retained earnings account to the company’s capital.
The company’s extraordinary general assembly shall be held within six months from this approval date and the company shall satisfy all regulatory requirements and applicable laws, said the regulator.
According toArgaam’s data, Tasheel’s board recommended, in March 2025, a 200% capital top-up, through distributing 47 million bonus shares at 1.88 bonus shares for each existing share, in addition to the allocation of three million shares for a long-term employee incentive plan.
In January, Tasheel board of directors decided to amend the nature and value of the reserves to be used for funding the company’s planned capital hike. Tasheel said the planned move will be funded through the capitalization of SAR 500 million from the statutory reserve and retained earnings accounts, while excluding the additional capital contribution account that was previously included.
Capital Increase Details
Current Capital
SAR 250 mln
Number of Shares
25 mln
Percentage of Increase
200%
New Capital
SAR 750 mln
New Number of Shares
75 mln
Method
Distributing 47 mln bonus shares at 1.88 shares for each existing share, or 47 shares for 25 exiting shares. Allocating 3 mln shares for the employee long-term incentive plan.
Value/Nature of Reserves
Capitalizing SAR 500 mln from the statutory reserve and retained earnings.
Record Date
Shareholders of record and those registered with Edaa on the second trading day following the general meeting date.
Reason
To boost financial position
Logo ofUnited International Holding Co.’s
The Capital Market Authority (CMA) approved United International Holding Co.’s (UIHC) request to increase capital from SAR 250 million to SAR 750 million, through distributing bonus shares at 47 shares per each 25 owned shares. The distribution will be to shareholders of record who are registered with the Security Depository Center (Edaa) by the close of trading on the second trading day after the record date that will be determined later.
The bonus distribution will be to shareholders of record who are registered with the Security Depository Center (Edaa) by the close of trading on the second trading day after the record date that will be determined later.
The capital increase will be financed by transferring SAR 43.93 million from statutory reserve account and SAR 456.07 million from the retained earnings account to the company’s capital.
The company’s extraordinary general assembly shall be held within six months from this approval date and the company shall satisfy all regulatory requirements and applicable laws, said the regulator.
According toArgaam’s data, Tasheel’s board recommended, in March 2025, a 200% capital top-up, through distributing 47 million bonus shares at 1.88 bonus shares for each existing share, in addition to the allocation of three million shares for a long-term employee incentive plan.
In January, Tasheel board of directors decided to amend the nature and value of the reserves to be used for funding the company’s planned capital hike. Tasheel said the planned move will be funded through the capitalization of SAR 500 million from the statutory reserve and retained earnings accounts, while excluding the additional capital contribution account that was previously included.
Capital Increase Details
Current Capital
SAR 250 mln
Number of Shares
25 mln
Percentage of Increase
200%
New Capital
SAR 750 mln
New Number of Shares
75 mln
Method
Distributing 47 mln bonus shares at 1.88 shares for each existing share, or 47 shares for 25 exiting shares. Allocating 3 mln shares for the employee long-term incentive plan.
Value/Nature of Reserves
Capitalizing SAR 500 mln from the statutory reserve and retained earnings.
Record Date
Shareholders of record and those registered with Edaa on the second trading day following the general meeting date.
Reason
To boost financial position
