Logo ofMohammed Hasan AlNaqool Sons Co.
Shareholders ofMohammed Hasan AlNaqool Sons Co.approved the board recommendation to increase the company’s capital by 100% through a one-for-one bonus share issue. 
The approval was during the extraordinary general meeting (EGM) held on July 27, according to aTadawulstatement.
Details
Current capital
SAR 29 mln
Current No. of shares
2.9 mln
Capital after increase
SAR 58 mln
No. of shares after increase
5.8 mln
Increase percentage
100% (1 bonus share for every share held)
Purpose
To support the company’s strategic growth plan, meet future expansion needs, and strengthen its financial position
Funding method
By capitalizing SAR 29 million from retained earnings
Record date
July 27 (Shareholders of record registered with Edaa by the end of the second trading day following the record date)
Any fractional shares will be aggregated into a single portfolio for all shareholders and sold at market price, with the proceeds distributed pro rata to eligible shareholders within a period not exceeding 30 days.
Shareholders also approved amending Article 8 of the company’s bylaws relating to share capital.
Logo ofMohammed Hasan AlNaqool Sons Co.
Shareholders ofMohammed Hasan AlNaqool Sons Co.approved the board recommendation to increase the company’s capital by 100% through a one-for-one bonus share issue.
The approval was during the extraordinary general meeting (EGM) held on July 27, according to aTadawulstatement.
Details
Current capital
SAR 29 mln
Current No. of shares
2.9 mln
Capital after increase
SAR 58 mln
No. of shares after increase
5.8 mln
Increase percentage
100% (1 bonus share for every share held)
Purpose
To support the company’s strategic growth plan, meet future expansion needs, and strengthen its financial position
Funding method
By capitalizing SAR 29 million from retained earnings
Record date
July 27 (Shareholders of record registered with Edaa by the end of the second trading day following the record date)
Any fractional shares will be aggregated into a single portfolio for all shareholders and sold at market price, with the proceeds distributed pro rata to eligible shareholders within a period not exceeding 30 days.
Shareholders also approved amending Article 8 of the company’s bylaws relating to share capital.
