Logo of Al-Jouf Mineral Water Bottling Co.

Al-Jouf Mineral Water Bottling Co.’s board of directors recommended today, June 19, increasing the company’s capital by 50% through a one-for-two bonus share distribution.

 

Capital Increase Details – Bonus Issue

Current Capital

SAR 31.25 mln

Number of Shares

3.13 mln

Percentage of Increase

50% (1 bonus share for every 2 shares held)

New Capital

SAR 46.88 mln

Number of Shares

4.69 mln

Reason

To enhance the company’s resources and achieve strong growth rates in the coming years

Method

To capitalize part of retained earnings

Record Date

Shareholders of record in the issuer’s register with the Securities Depository Center Co. (Edaa) by the close of the second trading day following the record date
  

Fractional shares, if any, will be collected in a single investment portfolio and will be sold at market price within 30 days on a pro rata basis from the date of determining the allocation of new shares for each shareholder, the company noted.

 

The proposed stock dividend is subject to the approval of the regulatory authorities and the company’s extraordinary general assembly meeting (EGM).

 

 The stock began trading on Nomu-Parallel Market on March 2, Argaam earlier reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Al-Jouf Mineral Water debuts on Nomu today

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request