Theeb Rent a Car Plans 53.4% Capital Increase
THEEB 4261.SA | 28.84 | -1.10% |
Theeb Rent a Car Co. announced on November 24, 2025, that its Extraordinary General Assembly Meeting will be held virtually on December 15, 2025, at 19:30 PM. The primary agenda includes voting on a 53.4% capital increase from SAR 430 million to SAR 659.72 million by issuing 22.97 million new shares. The increase involves granting bonus shares at a rate of one share for every two existing shares and allocating 1.47 million shares to employees under a long-term incentive program. The capital increase will be funded by capitalizing SAR 161.73 million from retained earnings and SAR 67.98 million from statutory reserves. Shareholders registered at the end of trading on the assembly meeting day will be eligible for the bonus shares.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91703&anCat=1&cs=4261&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/28015_2021_2025-11-24_15-30-10_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/28015_2021_2025-11-24_15-31-27_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/28015_2021_2025-11-24_15-31-33_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/28015_2021_2025-11-24_15-31-39_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.