Future Vision for Health Training Co. Announces the Board’s Recommendation to Increase the Capital by Granting Bouns Shares
| Element List | Explanation |
|---|---|
| Introduction | Future Vision for Health Training Co. announces that its Board of Directors has issued a resolution recommending to the Extraordinary General Assembly an increase of the company’s capital by 100% through granting bonus shares to shareholders, by capitalizing SAR 10,000,000 from offering proceeds and retained earnings. Each shareholder will be granted one bonus share for every share owned. |
| Date of Board Meeting | 2025-08-25 Corresponding to 1447-03-02 |
| Capital before increase | 10,000,000 |
| Capital after increase | 20,000,000 |
| Percentage of Capital increase | 100 % |
| Number of shares before Capital increase | 10000000 |
| Number of shares after Capital increase | 20000000 |
| Reasons for the increase | This measure aims to strengthen the company’s financial position, enhance its competitiveness, and support its expansion plans by opening new branches across various regions of the Kingdom. |
| Number of Shares Granted per Exiting Share | 1 bonus share for every 1 owned share |
| Nature and Value of Reserves Used in the Capitalization | The capital increase will be carried out through:
Capitalization of SAR 9,000,000 from offering proceeds. Capitalization of SAR 1,000,000 from retained earnings.
The offering proceeds were allocated, as stated in the prospectus, to be used for the company’s expansion through opening new branches, developing an educational platform, and investing in marketing activities. |
| 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 | Fractional shares will be aggregated, sold in the market, and proceeds distributed to shareholders proportionally within 30 days. |
| Approvals | The grant is conditional upon obtaining the approval of the competent regulatory authorities and the Extraordinary General Assembly on the capital increase and the number of granted shares. |
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