Osool & Bakheet Unit Approves SAR 8M Capital Increase

OSOOL AND BAKHEET

OSOOL AND BAKHEET

9586.SA

0.00

On July 26, 2026, Osool & Bakheet Investment Company announced that the Extraordinary General Assembly of Creative Future for Digital Brokerage Company — in which Osool & Bakheet holds a 59.66% ownership stake of the paid-up capital — convened on July 23, 2026 and approved a two-step capital restructuring. First, the issued capital will be reduced from SAR 27,125,000 to SAR 25,000,000 by cancelling 212,500 issued and unpaid shares, aligning the issued capital with the paid-up capital. Subsequently, the capital will be increased by SAR 8,000,000 (32%) from SAR 25,000,000 to SAR 33,000,000 through the issuance of 800,000 new ordinary shares at a nominal value of SAR 10 per share, funded via SAR 5,320,000 in debt capitalization owed to Osool & Bakheet and SAR 2,680,000 from other shareholders' subscriptions, with Osool & Bakheet committed to covering any unsubscribed shares. The capital increase aims to strengthen Creative Future's financial position and support its operational needs and future growth plans, while the financial impact on Osool & Bakheet's ownership remains subject to the completion of statutory procedures and necessary regulatory approvals.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96982&anCat=1&cs=9586&locale=ar

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.