Naba AlSaha Board Proposes Doubling Capital to SAR 210 Million

Naba AlSaha Medical Services Company announced on Wednesday that its Board of Directors has recommended to the Extraordinary General Assembly a 100% capital increase, raising the capital to SAR 210 million from SAR 105 million. The number of shares after the increase will total 21 million, up from 10.5 million.

According to the company’s statement on Tadawul, the capital increase will be funded through SAR 93 million from retained earnings and SAR 12 million from reserves. A total of 10.5 million shares will be granted as bonus shares to shareholders at a rate of one share for every outstanding share, representing a 100% increase in the company’s capital.

Bonus shares will be allocated to shareholders registered with the Securities Depository Center (Tadawul) at the end of the trading day on which the Extraordinary General Assembly is held, subject to obtaining the necessary regulatory approvals.

The company stated that the increase aims to support growth, finance expansion plans, and strengthen its financial position.