The Capital Market Authority reapproved Al-jouf Agricultural Development Company request to increase its capital through issuance of bonus shares

The CMA has reapproved Al-jouf Agricultural Development Company request to increase its capital from SR 200,000,000 to SR 250,000,000 through issuing one bonus share for every existing four 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 50,000,000 from retained earnings to the company's capital. Consequently, increasing company's outstanding shares from 20,000,000 shares to 25,000,000 shares, by an increase of 5,000,000 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.