| Element List | Explanation |
|---|---|
| Introduction | Al Hassan Ghazi Ibrahim Shaker Co announces the board’s recommendation to Extraordinary General Assembly to increase the capital by 15% by granting Bonus shares to the company’s shareholders by capitalizing 72,666,000 Riyals from Statutory reserves |
| Date of Board Meeting | 2023-12-12 Corresponding to 1445-05-28 |
| Capital before increase | 482,334,000 |
| Capital after increase | 555,000,000 |
| Percentage of Capital increase | 15 % |
| Number of shares before Capital increase | 48233400 |
| Number of shares after Capital increase | 55500000 |
| Reasons for the increase | Supporting the company’s financial position and future growth plans |
| Number of Shares Granted per Exiting Share | one bonus shares for every 6 and a half shares |
| Nature and Value of Reserves Used in the Capitalization | only 72,666,000 Saudi Riyals will be capitalized from the statutory reserves |
| Eligibility Date | Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date |
| Fractional Shares | In case of bonus shares fractions, the company will collect it in one portfolio then sell it at market price within 30 days from finishing allocating the new shares to each shareholder |
| Approvals | The proposed grant is subject to obtaining necessary approvals from official authorities and extraordinary general assembly meeting on the capital increase and number of granted shares. |
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