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Saudi Arabian Mining Company (Ma’aden) announces the Board of Directors' recommendation to increase the Company's capital by granting bonus shares.

Element ListExplanation
Introduction The Board of Directors of the Saudi Arabian Mining Company (Ma’aden) recommended to the Extraordinary General Assembly to increase the Company’s capital 100% by granting bonus shares. Such increase will be via capitalizing 12,305,911,460 Saudi Riyals from the retained earnings and part of the statutory reserve. Each shareholder will be granting one bonus share for each share.
Date of Board Meeting 2022-02-24 Corresponding to 1443-07-23
Capital before increase 12,305,911,460
Capital after increase 24,611,822,920
Percentage of Capital increase 100 %
Number of shares before Capital increase 1230591146
Number of shares after Capital increase 2461182292
Reasons for the increase The Company aims to increase the capital to strengthen its capital base, in which contributes to boost the future growth plans.
Number of Shares Granted per Exiting Share Granting one share for each share
Nature and Value of Reserves Used in the Capitalization The increase will be through capitalization of 12,305,911,460 SAR from the retained earnings and part of the statutory reserve.
Eligibility Date The eligibility of the bonus shares shall be for shareholders owning shares by the end of trading day of the Company’s Extraordinary General Assembly meeting date (which will be announced later) and are registered at Securities Depository Center Company (Edaa) by the end of the second trading day following the Extraordinary General Assembly meeting date.
Fractional Shares In case of bonus shares fractions occurrence, the Company will collect all fractions in a single portfolio to be sold at market price, the value will be distributed to eligible shareholders each by their share during 30 days from the allocation of new shares to each shareholder.
Approvals The proposed grant is subject to obtaining necessary approvals from competent authorities and Extraordinary General Assembly on the capital increase and number of granted shares.

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 Net Change
116.4 3.4 (+3.01%)
Value Traded (SAR) Volume Traded
111,906,110 972,169