Approval of the application made by Ahmed Hassan Fitaihi Company to increase its capital by issuing of bonus shares

The CMA has approved the application made by Ahmed Hassan Fitaihi Company to increase its capital from SR 385 million to SR 500 million.  This will be achieved by issuing one share for every 3.3478 shares held by the shareholders who are registered in the shareholders book, by the end of the trading which coincides with convening of the extraordinary general assembly meeting.  The approval is subject to the increase being paid for by a transfer of an amount of SR115 million from the premium issue. As a result, shares in issue will increase 38.5 million to 50 million shares, an increase of 11.5 million shares. The bonus shares will be confined to the shareholders who are registered at the end of the trading day that coincides with the extraordinary general meeting, the time of which shall be set later by the company`s board of directors.