The Capital Market Authority approves the capital increase request for AlKhaleej Education and Training Company through issuance of bonus shares

The CMA has approved AlKhaleej Education and Training Company request to increase its capital from SR 150,000,000 to SR 200,000,000 through issuing one bonus share for every three existing shares owned by the shareholders who are registered in the shareholders registry at the closing of trading on the day of the extraordinary general assembly. Such increase will be paid by transferring an amount of SR 50,000,000 from retained earnings account to the company's capital. Consequently, increasing company's outstanding shares from (15,000,000 shares) to (20,000,000 shares), by an increase of (5,000,000 shares). The bonus shares eligibility is limited to the shareholders who are registered in the shareholders registry at the close of trading on the day of the extraordinary general assembly, which will be determined later by the company's board.