Logo ofPaper Home Co.
Paper Home Co.’s shareholders approved increasing capital by 200% during the extraordinary general meeting (EGM) held on July 22.
The capital increase will be implemented by capitalizing SAR 40 million from the retained earnings account, with two bonus shares to be granted for every share held,as detailed in the following table:
Capital Increase Details
Current Capital
SAR 20 mln
Number of Shares
2 mln
Percentage Increase
200% (2-for-1 bonus issue)
Method
By capitalizing SAR 40 million from the retained earnings account
New Capital
SAR 60 mln
New Number of Shares
6mln
Reasons
To align with the company’s business size and assets, in addition to supporting future growth and expansion
Record Date
July 22, 2025 (Shareholders registered with Edaa on the second trading day following the record date)
Fractional shares, if any, will be compiled in one portfolio for shareholders and will be sold at market price. The proceeds will then be distributed to eligible shareholders, as per their respective ownership, within a period not exceeding 30 days from the date of determining the new shares eligible for each shareholder.
Shareholders also approved the transfer of the statutory reserve balance amounting to SAR 5.12 million, as in the financial statements on Dec. 31, 2024, to retained earnings.
Moreover, shareholders approved the deletion of Article 47 of the company’s bylaws, pertaining to the formation of reserves.
The Saudi Exchange (Tadawul) said in a separate statement that the fluctuation limits today, July 23, for Paper Home will be based on a share price of SAR 46.74, and all standing orders will be cancelled.
Logo ofPaper Home Co.
Paper Home Co.’s shareholders approved increasing capital by 200% during the extraordinary general meeting (EGM) held on July 22.
The capital increase will be implemented by capitalizing SAR 40 million from the retained earnings account, with two bonus shares to be granted for every share held,as detailed in the following table:
Capital Increase Details
Current Capital
SAR 20 mln
Number of Shares
2 mln
Percentage Increase
200% (2-for-1 bonus issue)
Method
By capitalizing SAR 40 million from the retained earnings account
New Capital
SAR 60 mln
New Number of Shares
6mln
Reasons
To align with the company’s business size and assets, in addition to supporting future growth and expansion
Record Date
July 22, 2025 (Shareholders registered with Edaa on the second trading day following the record date)
Fractional shares, if any, will be compiled in one portfolio for shareholders and will be sold at market price. The proceeds will then be distributed to eligible shareholders, as per their respective ownership, within a period not exceeding 30 days from the date of determining the new shares eligible for each shareholder.
Shareholders also approved the transfer of the statutory reserve balance amounting to SAR 5.12 million, as in the financial statements on Dec. 31, 2024, to retained earnings.
Moreover, shareholders approved the deletion of Article 47 of the company’s bylaws, pertaining to the formation of reserves.
The Saudi Exchange (Tadawul) said in a separate statement that the fluctuation limits today, July 23, for Paper Home will be based on a share price of SAR 46.74, and all standing orders will be cancelled.