Mulkia Investment Company announced on Wednesday the approval of its Extraordinary General Assembly to increase the company’s capital from SAR 65 million to SAR 78 million, through a 20% bonus share issuance valued at SAR 13 million.
The capital increase will raise the number of shares from 6.5 million to 7.8 million, by granting one bonus share for every five shares held. The increase will be covered by capitalizing SAR 13 million from retained earnings.
The company stated that the capital hike is intended to strengthen its financial position, support future growth strategies, and enhance shareholder returns.
The Assembly also approved amendments to Article 7 (Capital) and Article 8 (Subscription to Shares) of the company’s bylaws.
Eligibility for the bonus shares is limited to shareholders registered in the company’s shareholder registry at the Securities Depository Center (Edaa) at the end of the second trading day following the date of the General Assembly.
In the case of fractional shares, they will be pooled, sold at market price, and proceeds distributed to eligible shareholders within 30 days.
