Mohammed Hasan AlNaqool Sons Co. announced on July 28, 2026 the results of its Extraordinary General Assembly meeting (first meeting), held on July 27, 2026 at 7:00 PM via modern technology, with 62.44% shareholder attendance. The assembly approved a 100% capital increase through the issuance of bonus shares, raising the company's capital from SAR 29,000,000 to SAR 58,000,000, and increasing the number of shares from 2,900,000 to 5,800,000, funded by capitalizing SAR 29,000,000 from retained earnings at a ratio of one bonus share per share held. The capital increase aims to support the company's strategic growth plan, meet future expansion needs, and reinforce its financial solvency. The assembly also approved amendments to Articles 8 and 9 of the Articles of Association, the addition of new articles governing the company's purchase, sale, and pledging of its own shares and participation in other companies, as well as the renumbering and rearrangement of the Articles of Association.

Original announcement:

Important 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.