Logo ofMohammed Hassan Al Naqool Sons Co.
The Capital Market Authority (CMA) granted today, June 9, Mohammed Hassan Al Naqool Sons Co. approval to increase its capital from SAR 29 million to SAR 58 million. 
In a statement, the authority said the proposed move will be carried out through the issuance of one bonus share for every one held.
Eligible shareholders are those registered with the Security Depository Center (Edaa) by the end of the second trading day after the record date, which will be determined later.
The planned capital hike will be financed by transferring SAR 29 million from retained earnings, increasing the number of shares from 2.9 million to 5.8 million.
The company’s deciding extraordinary general meeting (EGM) shall be held within six months from this approval date, provided satisfying all regulatory requirements and applicable laws, the CMA said.
The company’s board recommended in April 2026 a 100% capital increase through a one-for-one bonus share issue, according to Argaam’s data.
Capital Increase Details
Current Capital
SAR 29 mln
No. of Shares
2.9 mln
New Capital
SAR 58 mln
New No. of Shares
5.8 mln
Percentage of Increase
100% (one bonus share for every one share held)
Method
Capitalizing SAR 29 mln from retained earnings
Record Date
Eligibility will be for shareholders of record and those registered with Edaa by the close of the second trading day following the extraordinary general meeting (EGM) date, to be announced later.
Reason
To support the company’s growth and expansion strategy, while maximizing shareholder returns by expanding and diversifying its investments in solutions and capitalizing on expected growth opportunities in the IT sector in the Kingdom and the region.
Logo ofMohammed Hassan Al Naqool Sons Co.
The Capital Market Authority (CMA) granted today, June 9, Mohammed Hassan Al Naqool Sons Co. approval to increase its capital from SAR 29 million to SAR 58 million.
In a statement, the authority said the proposed move will be carried out through the issuance of one bonus share for every one held.
Eligible shareholders are those registered with the Security Depository Center (Edaa) by the end of the second trading day after the record date, which will be determined later.
The planned capital hike will be financed by transferring SAR 29 million from retained earnings, increasing the number of shares from 2.9 million to 5.8 million.
The company’s deciding extraordinary general meeting (EGM) shall be held within six months from this approval date, provided satisfying all regulatory requirements and applicable laws, the CMA said.
The company’s board recommended in April 2026 a 100% capital increase through a one-for-one bonus share issue, according to Argaam’s data.
Capital Increase Details
Current Capital
SAR 29 mln
No. of Shares
2.9 mln
New Capital
SAR 58 mln
New No. of Shares
5.8 mln
Percentage of Increase
100% (one bonus share for every one share held)
Method
Capitalizing SAR 29 mln from retained earnings
Record Date
Eligibility will be for shareholders of record and those registered with Edaa by the close of the second trading day following the extraordinary general meeting (EGM) date, to be announced later.
Reason
To support the company’s growth and expansion strategy, while maximizing shareholder returns by expanding and diversifying its investments in solutions and capitalizing on expected growth opportunities in the IT sector in the Kingdom and the region.
