Logo ofQomel Co.
Shareholders of Nomu-listedQomel Co.approved the board’s recommendation to increase capital by 100% via a 1-for-1 bonus share distribution, during the extraordinary general meeting held on April 20, according to a statement toTadawul. 
Details
Current Capital
SAR 35 mln
Number of Shares
3.5 mln
Percentage of Capital
100% (one bonus share for each existing share)
Method
Granting one bonus share for each existing share through capitalizing SAR 32.6 million from the offering premium and SAR 2.4 million from the retained earnings.
New Capital
SAR 70 mln
Number of Shares
7 mln
Reasons
To boost strategic growth, future expansions, solvency and financial position
Record Date
April 20, 2025 (Shareholders of record and those registered with Edaa on the second trading day following the record day)
Fractional shares, if any, will be compiled into a single portfolio and sold at market price, and the proceeds will be distributed among the eligible shareholders pro rata within a period not exceeding 30 days. Shareholders further approved the transfer of the statutory reserve balance amounting to SAR 2.27 million, as per the annual financial statements ending Dec. 31, 2024, to the retained earnings account.
Additionally, they approved authorizing the board to distribute interim dividends to shareholders on a semi-annual or quarterly basis for 2025.
The Saudi Exchange (Tadawul) announced that the fluctuation limits for the company’s shares were calculated based on a price of SAR 59.90 for today, Monday, April 21, 2025, and that all existing orders have been cancelled.
The Securities Depository Center Company (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on Wednesday, April 23, 2025.
Logo ofQomel Co.
Shareholders of Nomu-listedQomel Co.approved the board’s recommendation to increase capital by 100% via a 1-for-1 bonus share distribution, during the extraordinary general meeting held on April 20, according to a statement toTadawul.
Details
Current Capital
SAR 35 mln
Number of Shares
3.5 mln
Percentage of Capital
100% (one bonus share for each existing share)
Method
Granting one bonus share for each existing share through capitalizing SAR 32.6 million from the offering premium and SAR 2.4 million from the retained earnings.
New Capital
SAR 70 mln
Number of Shares
7 mln
Reasons
To boost strategic growth, future expansions, solvency and financial position
Record Date
April 20, 2025 (Shareholders of record and those registered with Edaa on the second trading day following the record day)
Fractional shares, if any, will be compiled into a single portfolio and sold at market price, and the proceeds will be distributed among the eligible shareholders pro rata within a period not exceeding 30 days. Shareholders further approved the transfer of the statutory reserve balance amounting to SAR 2.27 million, as per the annual financial statements ending Dec. 31, 2024, to the retained earnings account.
Additionally, they approved authorizing the board to distribute interim dividends to shareholders on a semi-annual or quarterly basis for 2025.
The Saudi Exchange (Tadawul) announced that the fluctuation limits for the company’s shares were calculated based on a price of SAR 59.90 for today, Monday, April 21, 2025, and that all existing orders have been cancelled.
The Securities Depository Center Company (Edaa) will deposit the bonus shares into shareholders’ portfolios before the start of trading on Wednesday, April 23, 2025.
