The Authority approved the request of Arabian Centres Company to increase its capital by granting bonus shares.
The Capital Market Authority announces its approval of Arabian Centres Company's request to increase its capital from SAR 4,750,000,000 to SAR 5,176,587,620 by granting one (1) bonus share for every twelve (12) existing shares held by shareholders registered in the issuer's shareholder register at the Securities Depository Center at the end of the second trading day following the entitlement date, which will be determined later by the company's board of directors. The capital increase will be funded by transferring SAR 426,587,620 from retained earnings. Consequently, the number of shares will increase from 475,000,000 to 517,658,762, an increase of 42,658,762 shares. The Extraordinary General Assembly meeting must be held within six months of the date of this approval, and the company must complete all related regulatory procedures and requirements.
