The Capital Market Authority approved Jarir Marketing Co. request to increase its capital through issuance of bonus shares

The CMA has approved Jarir Marketing Co. request to increase its capital from SR 300 million to SR 400 million through issuing one bonus share for every three shares owned. Such increase will be paid by transferring an amount of SR 90,644,000 from the Statutory Reserve and an amount of SR 9,356,000 from the Retained Earnings to the company`s capital. Consequently, increasing company`s outstanding shares from 30 million shares to 40 million shares, by an increase of 10 million 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.