Al Mawarid Approves SAR 50M Capital Increase
ALMAWARID 1833.SA | 85.80 | -0.69% |
Al Mawarid Manpower Company announced on February 11, 2026 the results of its Extraordinary General Assembly meeting held on February 10, 2026, which approved a capital increase through bonus shares. The company's capital will increase from SAR 150,000,000 to SAR 200,000,000 by capitalizing SAR 50,000,000 from retained earnings, representing a 33.33% increase. Shareholders will receive one bonus share for every three shares held, increasing the total number of shares from 15,000,000 to 20,000,000 shares with a nominal value of SAR 10 per share. The meeting had 60.07% shareholder attendance and also approved amendments to Articles 6 and 7 of the company's Articles of Association relating to capital and share subscription.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93061&anCat=1&cs=1833&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/16411_4527_2026-02-10_18-55-02_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.