Logo ofMohammed Hasan Al Naqool Sons Co.
Mohammed Hasan Al Naqool Sons Co.’s board of directors recommended a 100% capital increase, through a 1-for-1 bonus share distribution. 
Capital Increase Details
Current Capital
SAR 29 mln
Number of Shares
2.9 mln
New Capital
SAR 29.53 mln
New Number of Shares
2.95 mln
Percentage of Increase
100% (one bonus share for every one owned)
Reason
To support the company’s strategic growth plan, meet future expansion requirements, and reinforce financial solvency and overall financial position.
Method
capitalization of SAR 29.0 million from retained earnings.
Record date
Shareholders of record at the end of trading on the day of the deciding EGM, and those registered with Edaa at the end of the second trading day following the general assembly
Fractional shares, if any, will be compiled into 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 planned capital increase is subject to the approval of the competent authorities as well as the company’s EGM.
Logo ofMohammed Hasan Al Naqool Sons Co.
Mohammed Hasan Al Naqool Sons Co.’s board of directors recommended a 100% capital increase, through a 1-for-1 bonus share distribution.
Capital Increase Details
Current Capital
SAR 29 mln
Number of Shares
2.9 mln
New Capital
SAR 29.53 mln
New Number of Shares
2.95 mln
Percentage of Increase
100% (one bonus share for every one owned)
Reason
To support the company’s strategic growth plan, meet future expansion requirements, and reinforce financial solvency and overall financial position.
Method
capitalization of SAR 29.0 million from retained earnings.
Record date
Shareholders of record at the end of trading on the day of the deciding EGM, and those registered with Edaa at the end of the second trading day following the general assembly
Fractional shares, if any, will be compiled into 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 planned capital increase is subject to the approval of the competent authorities as well as the company’s EGM.
