‎Multi Business EGM nods 200% capital hike via bonus issue

‎Multi Business EGM nods 200% capital hike via bonus issue ‎Multi Business EGM nods 200% capital hike via bonus issue

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Logo of Multi Business Group Co.

Multi Business Group Co. said its shareholders approved the board of directors’ recommendation to increase capital by 200%, through the issuance of bonus shares.

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The approval came during an extraordinary general meeting (EGM) held on June 25, according to a Tadawul statement.

Capital Increase Details

Current Capital

SAR 15 mln

Number of Shares

15 mln

Increase Percentage

200% (two bonus shares for every share held)

New Capital

SAR 45 mln

New Number of Shares

45 mln

Reason

The capital increase aims to strengthen the company’s capital base, support the execution of current and future projects, and better align its capital structure with its growth and expansion plans.

Method

Capitalization of SAR 30 mln from retained earnings

Record Date

June 25, 2026 (shareholders registered with Edaa at the end of the second trading day following the record date)

Fractional shares, if any, will be pooled into a single portfolio and sold at market price. Proceeds will be distributed to eligible shareholders based on their ownership within 30 days from the date the new share entitlements are determined.

The Saudi Exchange (Tadawul) said in a separate statement that the fluctuation limits today, June 28, for Multi Business will be based on a share price of SAR 2.77, and all outstanding orders will be cancelled.

Edaa will also credit the bonus shares to shareholders’ portfolios before the start of trading on June 30.

 

Logo of Multi Business Group Co.

Multi Business Group Co. said its shareholders approved the board of directors’ recommendation to increase capital by 200%, through the issuance of bonus shares.

The approval came during an extraordinary general meeting (EGM) held on June 25, according to a Tadawul statement.

Capital Increase Details

Current Capital

SAR 15 mln

Number of Shares

15 mln

Increase Percentage

200% (two bonus shares for every share held)

New Capital

SAR 45 mln

New Number of Shares

45 mln

Reason

The capital increase aims to strengthen the company’s capital base, support the execution of current and future projects, and better align its capital structure with its growth and expansion plans.

Method

Capitalization of SAR 30 mln from retained earnings

Record Date

June 25, 2026 (shareholders registered with Edaa at the end of the second trading day following the record date)

Fractional shares, if any, will be pooled into a single portfolio and sold at market price. Proceeds will be distributed to eligible shareholders based on their ownership within 30 days from the date the new share entitlements are determined.

The Saudi Exchange (Tadawul) said in a separate statement that the fluctuation limits today, June 28, for Multi Business will be based on a share price of SAR 2.77, and all outstanding orders will be cancelled.

Edaa will also credit the bonus shares to shareholders’ portfolios before the start of trading on June 30.

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