‎Tasheel modifies capital hike funding method

‎Tasheel modifies capital hike funding method ‎Tasheel modifies capital hike funding method

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Logo of United International Holding Co. (UIHC)

The board of directors of United International Holding Co. (UIHC) decided on Thursday, Jan. 22, to amend the nature and value of the reserves to be used for the capitalization issue, to increase the company’s capital.

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In a statement to Tadawul, the company said that the increase in capital will be funded through the capitalization of SAR 500 million from the statutory reserve and retained earnings accounts, while excluding the additional capital contribution account that was previously included.

According to Argaam’s data, UIHC’s board of directors recommended, in March 2025, increasing the company’s capital by 200%, through distributing 47 million bonus shares at 1.88 shares for each existing share, in addition to the allocation of three million shares for a long-term employee incentive plan.

Capital Increase Details

Current Capital

SAR 250 mln

Number of Shares

25 mln

Percentage of Increase

200%

New Capital

SAR 750 mln

Number of Shares

75 mln

Method

Distributing 47 million bonus shares at 1.88 shares for each existing share, or 47 shares for 25 exiting shares. Allocating three million shares for the employee long-term incentive plan.

Value/Nature of Reserves

Capitalizing SAR 500 mln from the statutory reserves, additional capital contribution accounts and retained earnings.

Record Date

Shareholders of record and those registered with Edaa on the second trading day following the general meeting date.

Reason

To boost financial position

 

Logo of United International Holding Co. (UIHC)

The board of directors of United International Holding Co. (UIHC) decided on Thursday, Jan. 22, to amend the nature and value of the reserves to be used for the capitalization issue, to increase the company’s capital.

In a statement to Tadawul, the company said that the increase in capital will be funded through the capitalization of SAR 500 million from the statutory reserve and retained earnings accounts, while excluding the additional capital contribution account that was previously included.

According to Argaam’s data, UIHC’s board of directors recommended, in March 2025, increasing the company’s capital by 200%, through distributing 47 million bonus shares at 1.88 shares for each existing share, in addition to the allocation of three million shares for a long-term employee incentive plan.

Capital Increase Details

Current Capital

SAR 250 mln

Number of Shares

25 mln

Percentage of Increase

200%

New Capital

SAR 750 mln

Number of Shares

75 mln

Method

Distributing 47 million bonus shares at 1.88 shares for each existing share, or 47 shares for 25 exiting shares. Allocating three million shares for the employee long-term incentive plan.

Value/Nature of Reserves

Capitalizing SAR 500 mln from the statutory reserves, additional capital contribution accounts and retained earnings.

Record Date

Shareholders of record and those registered with Edaa on the second trading day following the general meeting date.

Reason

To boost financial position

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