Al Mawarid Manpower Co. Announces the Board’s Recommendation to Increase the Capital by Granting Bouns Shares

06 November 2025 08:03 AM

ALMAWARID 1833 1.18% 137.60 1.60

Element List	Explanation
Introduction	Mawarid Manpower Company is pleased to announce its Board of Director’s resolution dated 05/11/2025 to recommend to the Extraordinary General Assembly to increase the company’s share capital by 33,33% through issuance of bonus shares, by granting one (1) bonus share for every three (3) shares owned by the shareholders.
Date of Board Meeting	2025-11-05 Corresponding to 1447-05-14
Capital before increase	SAR 150,000,000 (one hundred and fifty million Saudi Riyals)
Capital after increase	SAR 200,000,000 (Two Hundred Million Saudi Riyals)
Percentage of Capital increase	33.33 %
Number of shares before Capital increase	15000000
Number of shares after Capital increase	20000000
Reasons for the increase	Supporting the company's growth plan and strengthening its financial position.
Number of Shares Granted per Exiting Share	granting (1) one share for each (3) three existing shares.
Nature and Value of Reserves Used in the Capitalization	The increase will be through capitalizing SAR 50,000,000 (Fifty million Saudi Riyals) from the retained earnings account.
Eligibility Date	The eligibility date for the bonus shares for the company’s shareholders registered with the Securities Depository Center Company (Edaa) will be at the end of the second trading day following the date of the Extraordinary General Assembly meeting of the company that decides on the capital increase, which will be announced later.
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 grant, each according to their share, within a period not exceeding 30 days from the date of determining the new shares due to each shareholder.
Approvals	The proposed grant remains subject to obtaining the approval of the competent regulators and the extraordinary general assembly on the increase in the capital and the number of granted shares.

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