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Yaqeen Capital Co. Announces the Board’s Recommendation to Increase the Capital by Granting Bouns Shares
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YAQEEN
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1446/06/17 18/12/2024 08:03:28
| Element List | Explanation |
|---|---|
| Introduction | Yaqeen Capital Company announces the Board of Directors' resolution dated 16 Jumada Al-Thani 1446H corresponding to 17 December 2024, recommending to the Extraordinary General Assembly of the company to increase the capital by capitalization from the retained earnings by way of granting 0.70 share for every one share |
| Date of Board Meeting | 2024-12-17 Corresponding to 1446-06-16 |
| Capital before increase | SAR 150,000,000 |
| Capital after increase | SAR 255,000,000 |
| Percentage of Capital increase | 70 % |
| Number of shares before Capital increase | 15000000 |
| Number of shares after Capital increase | 25500000 |
| Reasons for the increase | The company aims to increase the capital to expand the company's business, develop services and increase growth opportunities. |
| Number of Shares Granted per Exiting Share | 0.70 share for every one share |
| Nature and Value of Reserves Used in the Capitalization | SAR 105,000,000 will be capitalized from retained earnings. |
| Eligibility Date | Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date |
| Fractional Shares | In the event of fractional shares, the fractions will be collected in one portfolio for all shareholders and sold at the market price and then distributed to the shareholders entitled to the grant, each according to his share, within a period not exceeding 30 days from the date of determining the new shares due to each shareholder. |
| Approvals | The grant is conditional on obtaining the approval of the official authorities and the extraordinary general assembly on the increase in the capital and the number of shares granted. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 11.92
Net Change -0.01 (-0.08%)
Value Traded (Sar) 3,576
Volume Traded 300
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