The Capital Market Authority approved (Mohammad Al Mojil Group Company) request to increase its capital through issuance of bonus shares

The CMA has approved Mohammad Al Mojil Group Company request to increase its capital from SR 1,000,000,000 to 1,250,000,000 through issuing 1 bonus share for every 4 shares owned by the shareholders who are registered in the shareholders register at the closing of trading on the extraordinary general assembly day. Such increase will be paid by transferring an amount of SR 250,000,000 from the Retained Earning to the company’s capital. Consequently, increasing  company’s outstanding shares from 100,000,000 shares to 125,000,000 shares, by an increase of 25,000,000 shares. The bonus shares eligibility is limited to the shareholders who are registered in the shareholders register at the close of trading on the extraordinary general assembly day, which will be determined later by the company`s board.