Logo ofAl Mawarid Manpower Co.
Al Mawarid Manpower Co.’sboard of directors recommended, on Nov. 5, a 33.33% capital increase from SAR 150 million to SAR 200 million via a 1:3 bonus share distribution, according to a statement toTadawul. 
Details of Capital Increase
Current Capital
SAR 150 mln
Current No. of Shares
15 mln
Percentage
33.33% (one bonus share for each three existing shares)
Method
Capitalizing SAR 50 mln from retained earnings
New Capital
SAR 200 mln
New No. of Shares
20 mln
Reasons
Supporting strategic growth plan, and reaffirmingthe company’s solid financial position
Record Date
Shareholders of record and those registered with Edaaby the end of thesecond trading day following therecorddate
Fractional shares, if any, will be compiled in one portfolio and offered at market price. The proceeds will be distributed to eligible shareholders pro rata within a period not exceeding 30 days.
The capital increase and the bonus issue are subject to the approval of the relevant authorities and company shareholders, the statement said.
Logo ofAl Mawarid Manpower Co.
Al Mawarid Manpower Co.’sboard of directors recommended, on Nov. 5, a 33.33% capital increase from SAR 150 million to SAR 200 million via a 1:3 bonus share distribution, according to a statement toTadawul.
Details of Capital Increase
Current Capital
SAR 150 mln
Current No. of Shares
15 mln
Percentage
33.33% (one bonus share for each three existing shares)
Method
Capitalizing SAR 50 mln from retained earnings
New Capital
SAR 200 mln
New No. of Shares
20 mln
Reasons
Supporting strategic growth plan, and reaffirmingthe company’s solid financial position
Record Date
Shareholders of record and those registered with Edaaby the end of thesecond trading day following therecorddate
Fractional shares, if any, will be compiled in one portfolio and offered at market price. The proceeds will be distributed to eligible shareholders pro rata within a period not exceeding 30 days.
The capital increase and the bonus issue are subject to the approval of the relevant authorities and company shareholders, the statement said.
