Saudi Networkers Services Company announces the decision of its Board of Directors on 08-09-2025 to recommend to increase the company's capital by 25%, by granting bonus shares through capitalizing SAR 15,000,000 from the retained earnings account. This will be done by granting 1,500,000 bonus shares to shareholders by granting (1) bonus share for every (4) share owned by shareholders.
Date of Board Meeting
2025-09-08 Corresponding to 1447-03-16
Capital before increase
60,000,000 SAR
Capital after increase
75,000,000 SAR
Percentage of Capital increase
25 %
Number of shares before Capital increase
6000000
Number of shares after Capital increase
7500000
Reasons for the increase
The company aims to increase its capital to support its strategic growth plan, future expansion needs and aspirations, and to confirm its financial solvency and strong financial position
Number of Shares Granted per Exiting Share
One (1) share will be granted to each shareholder who owns four (4) shares
Nature and Value of Reserves Used in the Capitalization
The increase will be made by capitalizing an amount of (15,000,000) fifteen million riyals from the retained earnings account
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, the fractions will be collected in one portfolio for all shareholders and sold at the market price, then their value will be distributed to the shareholders entitled to the bonus, each according to their share, within a period not exceeding 30 days from the date of determining the shares due to each shareholder
Approvals
The grant is conditional upon obtaining the approvals of the official authorities and approval of the Capital Market Authority and the extraordinary general assembly for the increase in capital and the number of shares granted
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