Increase to be funded through capitalization of SAR 712.5 million from retained earnings
The board of Arabian Centres Co. (Cenomi Centers) recommended a 8.98% capital increase from SAR 4.75 billion to SAR 5.18 billion, according to a Tadawul statement. 
The capital increase will be implemented through the issuance of 39.58 million new bonus shares at one share for every 12 shares held, representing an 8.33% increase in capital. In addition, 3.08 million new shares will be issued and allocated to a proposed employee share program, representing a further 0.65% capital increase.
Capital Increase Details
Item
Details
Current capital
SAR 4.75 bln
Current shares
475 million
Increase percentage
8.98% (1 share for every 12 shares held)
Capital after increase
SAR 5.18 bln
Shares after increase
517.68 mln
Purpose of increase
To support the company’s growth, strengthen its financial position, and allocate part of the increase to a proposed employee share program aimed at long-term employee incentives
Granted shares
39.58 mln bonus shares (1 share for every 12 existing shares)
3.08 mln shares for the proposed employee share program
Method of increase
The capital increase will be funded through the capitalization of SAR 712.5 mln from retained earnings.
Record date
Shareholders of record registered with Edaa at the end of the second trading day following the record date
Fractional shares, if any, will be compiled into a single portfolio for all shareholders, sold at market price, and the proceeds—after deducting related costs—will be distributed to eligible shareholders pro rata within a period not exceeding 30 days from the date the entitlement is determined.
The capital increase, bonus share issuance, and employee share allocation remain subject to approval by the relevant regulatory authorities and the extraordinary general meeting (EGM).
The company will also submit the proposed employee share program to the EGM.
Increase to be funded through capitalization of SAR 712.5 million from retained earnings
The board of Arabian Centres Co. (Cenomi Centers) recommended a 8.98% capital increase from SAR 4.75 billion to SAR 5.18 billion, according to a Tadawul statement.
The capital increase will be implemented through the issuance of 39.58 million new bonus shares at one share for every 12 shares held, representing an 8.33% increase in capital. In addition, 3.08 million new shares will be issued and allocated to a proposed employee share program, representing a further 0.65% capital increase.
Capital Increase Details
Item
Details
Current capital
SAR 4.75 bln
Current shares
475 million
Increase percentage
8.98% (1 share for every 12 shares held)
Capital after increase
SAR 5.18 bln
Shares after increase
517.68 mln
Purpose of increase
To support the company’s growth, strengthen its financial position, and allocate part of the increase to a proposed employee share program aimed at long-term employee incentives
Granted shares
39.58 mln bonus shares (1 share for every 12 existing shares)
3.08 mln shares for the proposed employee share program
Method of increase
The capital increase will be funded through the capitalization of SAR 712.5 mln from retained earnings.
Record date
Shareholders of record registered with Edaa at the end of the second trading day following the record date
Fractional shares, if any, will be compiled into a single portfolio for all shareholders, sold at market price, and the proceeds—after deducting related costs—will be distributed to eligible shareholders pro rata within a period not exceeding 30 days from the date the entitlement is determined.
The capital increase, bonus share issuance, and employee share allocation remain subject to approval by the relevant regulatory authorities and the extraordinary general meeting (EGM).
The company will also submit the proposed employee share program to the EGM.
