Logo ofAl Rashid Industrial Co.
Al Rashid Industrial Co. shareholders approved the board’s recommendation to increase capital by 50% through a 1-for-2 bonus share issue, during an extraordinary general meeting (EGM) held on June 17, according to a statement toTadawul. 
Capital Increase Details
Current Capital
SAR 80 mln
Current No. of Shares
8 mln
Increase Percentage
50% (1:2 bonus issue)
Method
Capitalization of SAR 40 mln from retained earnings
New Capital
SAR 120 mln
New No. of Shares
12 mln
Reasons
Supporting the company’s growth and business expansion and strengthening its financial position
Record Date
June 17, 2026 (Shareholders registered with Edaaby the close of thesecond trading day following the record date)
Shareholders also elected members of the board of directors for the upcoming three-year term starting July 2, 2026, including Fahad Al Humaid, Mohammed Al Humaid, Abdullah Al Essa, Ahmed Al Mohsen and Mohammed Al Humaid.
Meanwhile, they authorized the board to distribute interim dividends on a quarterly or semi-annual basis for 2026, the statement added.
In a separate statement,Tadawulsaid that the fluctuation limits today, June 18, for Al Rashid Industrial will be based on a share price of SAR 31.34 and the outstanding orders will be canceled.
Further, the Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by June 22.
Logo ofAl Rashid Industrial Co.
Al Rashid Industrial Co. shareholders approved the board’s recommendation to increase capital by 50% through a 1-for-2 bonus share issue, during an extraordinary general meeting (EGM) held on June 17, according to a statement toTadawul.
Capital Increase Details
Current Capital
SAR 80 mln
Current No. of Shares
8 mln
Increase Percentage
50% (1:2 bonus issue)
Method
Capitalization of SAR 40 mln from retained earnings
New Capital
SAR 120 mln
New No. of Shares
12 mln
Reasons
Supporting the company’s growth and business expansion and strengthening its financial position
Record Date
June 17, 2026 (Shareholders registered with Edaaby the close of thesecond trading day following the record date)
Shareholders also elected members of the board of directors for the upcoming three-year term starting July 2, 2026, including Fahad Al Humaid, Mohammed Al Humaid, Abdullah Al Essa, Ahmed Al Mohsen and Mohammed Al Humaid.
Meanwhile, they authorized the board to distribute interim dividends on a quarterly or semi-annual basis for 2026, the statement added.
In a separate statement,Tadawulsaid that the fluctuation limits today, June 18, for Al Rashid Industrial will be based on a share price of SAR 31.34 and the outstanding orders will be canceled.
Further, the Securities Depository Center (Edaa) will deposit the addition shares into the investor’s portfolios by June 22.
