07 FEB 2022
| ELEMENT LIST | EXPLANATION |
|---|---|
| Date of Board Meeting | 2022-02-06 Corresponding to 1443-07-05 |
| Capital before increase | SAR 3,937,500,000 |
| Capital after increase | SAR 4,921,875,000 |
| Percentage of Capital increase | 25 % |
| Number of shares before Capital increase | 393750000 |
| Number of shares after Capital increase | 492187500 |
| Reasons for the increase | To strengthen the capital base of the company to be matched with the size of company assets and future projects. |
| Number of Shares Granted per Exiting Share | one bonus share for every 4 shares owned |
| Nature and Value of Reserves Used in the Capitalization | The increase will be through the capitalization of SAR 984,375,000 from Statutory reserve. |
| Eligibility Date | The eligibility date shall be for shareholders owning shares by the end of trading day of the extraordinary general assembly meeting date (which will be announced later) and are registered at Depository Center at the end of the second trading day following the General Assembly Meeting date |
| Fractional Shares | In case of bonus shares fractions; the company will collect all fractions in one portfolio to be sold at market price, the value will be distributed to eligible shareholders in pro rata base during 30 days from the allocation of 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. |