Aljouf Mineral Water Bottling Co. Announces the Board’s Recommendation to Increase the Capital by Granting Bouns Shares

tadawul


Element List Explanation
Introduction Aljouf Mineral Water Bottling Co. announces that its Board of Directors has resolved to recommend to the Extraordinary General Assembly a 33% increase in the company's capital. This will be achieved by granting bonus shares to the company's shareholders through the capitalization of SAR 15,625,000 (fifteen million, six hundred and twenty-five thousand Saudi Riyals) from retained earnings. One (1) bonus share will be granted for every three (3) shares held.
Date of Board Meeting 2026-01-08 Corresponding to 1447-07-19
Capital before increase 46875000
Capital after increase 62500000
Percentage of Capital increase 33 %
Number of shares before Capital increase 93750000
Number of shares after Capital increase 125000000
Reasons for the increase To support the company's growth, business expansion, and strengthen its financial position
Number of Shares Granted per Exiting Share One (1) share for every three (3) shares owned
Nature and Value of Reserves Used in the Capitalization The increase will be achieved by capitalizing an amount of (15,625,000) fifteen million six hundred and twenty-five thousand Saudi Riyals from retained earnings.
Eligibility Date The entitlement date for shareholders who own shares at the end of trading on the day of the Extraordinary General Assembly of the Company (which will be determined later) and who are registered in the Company's shareholder register at the Securities Depository Center Company (Depository Center) at the end of the second trading day following the date of the Extraordinary General Assembly meeting.
Fractional Shares In the event of fractional shares, the fractions will be consolidated into a single portfolio for all shareholders and sold at the market price. The proceeds will then be distributed proportionally among the eligible shareholders according to each shareholder's entitlement within a period not exceeding 30 days from the date of determining the shares due to each shareholder.
Approvals The increase in capital is subject to obtaining the approvals of the competent official authorities, as well as the approval of the Extraordinary General Assembly.