The increase will be funded by capitalizing the statutory reserve and a portion of retained earnings
Shareholders of Maharah Human Resources Co. approved a 26.32% capital increase through the capitalization of the company’s entire statutory reserve and part of its retained earnings. 
In a statement to Tadawul, the company said its capital will increase to SAR 600 million from SAR 475 million through the issuance of 125 million bonus shares, equivalent to five shares for every 19 shares held.
The capital increase aims to strengthen the company’s financial position, enhance solvency, support expansion plans, and help achieve its strategic objectives.
Maharah said the increase will be financed by capitalizing its entire SAR 103.06 million statutory reserve, in addition to SAR 21.94 million from retained earnings.
Capital Increase Details
Current capital
SAR 475 mln
Number of shares
475 mln
Par value per share
SAR 1 per share
New capital
SAR 600 mln
Number of shares
600 mln
Increase percentage
26.32% (0.2632 bonus share for each existing share)
Method
Capitalizing the entire statutory reserve of SAR 103.06 million and SAR 21.94 million from retained earnings
Record date
June 29, 2026 – Shareholders of record on the date of the extraordinary general meeting (EGM) and those registered with Edaa on the second trading day following the date of the meeting
Reason
To strengthen the company’s capital base and enhance its financial position
Fractional shares, if any, will be compiled into a single portfolio and sold at market price. The proceeds will be distributed among the eligible shareholders pro rata within a period not exceeding 30 days.
Shareholders also authorized the board of directors to distribute semi-annual or quarterly interim dividends for 2026 and discharged board members from liability for 2025.
They also appointed KPMG as the company’s external auditor for a fee of SAR 1.5 million, excluding VAT.
The increase will be funded by capitalizing the statutory reserve and a portion of retained earnings
Shareholders of Maharah Human Resources Co. approved a 26.32% capital increase through the capitalization of the company’s entire statutory reserve and part of its retained earnings.
In a statement to Tadawul, the company said its capital will increase to SAR 600 million from SAR 475 million through the issuance of 125 million bonus shares, equivalent to five shares for every 19 shares held.
The capital increase aims to strengthen the company’s financial position, enhance solvency, support expansion plans, and help achieve its strategic objectives.
Maharah said the increase will be financed by capitalizing its entire SAR 103.06 million statutory reserve, in addition to SAR 21.94 million from retained earnings.
Capital Increase Details
Current capital
SAR 475 mln
Number of shares
475 mln
Par value per share
SAR 1 per share
New capital
SAR 600 mln
Number of shares
600 mln
Increase percentage
26.32% (0.2632 bonus share for each existing share)
Method
Capitalizing the entire statutory reserve of SAR 103.06 million and SAR 21.94 million from retained earnings
Record date
June 29, 2026 – Shareholders of record on the date of the extraordinary general meeting (EGM) and those registered with Edaa on the second trading day following the date of the meeting
Reason
To strengthen the company’s capital base and enhance its financial position
Fractional shares, if any, will be compiled into a single portfolio and sold at market price. The proceeds will be distributed among the eligible shareholders pro rata within a period not exceeding 30 days.
Shareholders also authorized the board of directors to distribute semi-annual or quarterly interim dividends for 2026 and discharged board members from liability for 2025.
They also appointed KPMG as the company’s external auditor for a fee of SAR 1.5 million, excluding VAT.
