Logo ofAl-Jouf Mineral Water Bottling Co.
Al-Jouf Mineral Water Bottling Co.‘sboard of directors recommended today, Jan. 8, a 33% capital increase, from SAR 46.88 million to SAR 62.50 million, by granting one bonus share for every three shares held. 
Capital Increase Details
Current Capital
SAR 46.88 mln
Current No. of Shares
93.75 mln
Increase Percentage
33% (1:3 bonus issue)
New Capital
SAR 62.50 mln
New No. of Shares
125 mln
Reasons
Supporting the company’s growth and business expansion and strengthening its financial position
Method
Capitalization of SAR 15.63 mln from retained earnings
Record Date
Shareholders recorded in the company’s register with the Securities Depository Center (Edaa) by the close of the second trading day after the general assembly, and who held shares at the end of trading on the assembly date
In a statement toTadawul, the company said any fractional shares will be collected in a single portfolio to be sold at market price. The proceeds will then be distributed among eligible shareholders pro rata within 30 days maximum from the date of determining each shareholder’s eligible shares.
The company noted that the capital increase is subject to obtaining approvals from the relevant regulatory authorities, as well as the approval of the extraordinary general meeting (EGM).
Logo ofAl-Jouf Mineral Water Bottling Co.
Al-Jouf Mineral Water Bottling Co.‘sboard of directors recommended today, Jan. 8, a 33% capital increase, from SAR 46.88 million to SAR 62.50 million, by granting one bonus share for every three shares held.
Capital Increase Details
Current Capital
SAR 46.88 mln
Current No. of Shares
93.75 mln
Increase Percentage
33% (1:3 bonus issue)
New Capital
SAR 62.50 mln
New No. of Shares
125 mln
Reasons
Supporting the company’s growth and business expansion and strengthening its financial position
Method
Capitalization of SAR 15.63 mln from retained earnings
Record Date
Shareholders recorded in the company’s register with the Securities Depository Center (Edaa) by the close of the second trading day after the general assembly, and who held shares at the end of trading on the assembly date
In a statement toTadawul, the company said any fractional shares will be collected in a single portfolio to be sold at market price. The proceeds will then be distributed among eligible shareholders pro rata within 30 days maximum from the date of determining each shareholder’s eligible shares.
The company noted that the capital increase is subject to obtaining approvals from the relevant regulatory authorities, as well as the approval of the extraordinary general meeting (EGM).
