| Element List |
Explanation |
| Introduction |
KnowledgeNet Company announces the Board of Directors’ resolution dated 08/12/1446H corresponding to 2025/06/04G to recommend to the Extraordinary General Assembly an increase in the company’s capital by capitalizing a portion of the retained earnings, through granting one bonus share for every two existing shares. |
| Date of Board Meeting |
2025-06-04 Corresponding to 1446-12-08 |
| Capital before increase |
35,000,000 |
| Capital after increase |
52,500,000 |
| Percentage of Capital increase |
50 % |
| Number of shares before Capital increase |
3500000 |
| Number of shares after Capital increase |
5250000 |
| Reasons for the increase |
The company aims to increase its capital to support its strategic growth plan, meet future expansion needs and aspirations, and reinforce its financial solvency and strong financial position. |
| Number of Shares Granted per Exiting Share |
Granting one share for every 2 shares held. |
| Nature and Value of Reserves Used in the Capitalization |
An amount of only SAR 17,500,000 will be capitalized from the retained earnings. |
| 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 the event of fractional shares, they will be collected into a single portfolio for all shareholders and sold at the market price. The proceeds will then be distributed to the eligible shareholders, each according to their share, within a period not exceeding 30 days from the date of determining the new shares allocated to each shareholder. |
| Approvals |
The bonus share issuance is conditional upon obtaining the approval of the official authorities and the Extraordinary General Assembly on the capital increase and the number of granted shares. |
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