Mulkia Investment proposes 2024 dividend at SAR 2.5/shr; 1:5 bonus issue

Logo of Mulkia Investment Co.

Mulkia Investment Co.’s board of directors recommended, in its meeting held on March 12, a cash dividend at 25% of capital, or SAR 2.5 per share, for 2024, as follows:

Cash Dividends (Q3 2024)
Current Capital	SAR 65 mln
Number of Shares	6.5 mln
Total Dividends	SAR 16.25 mln
Percentage of Capital	25% (SAR 2.5 a share)
Record Date	Shareholders of record on the general meeting date (to be determined) and those registered with Edaa on the second trading day following the meeting date
Payment Date	To be determined after shareholders’ approval

The board further recommended a 20% capital increase via a bonus issue, or one bonus share for every five existing shares, as follows:

Capital Increase Details
Current Capital	SAR 65 mln
Current Number of Shares	6.5 mln
Nominal Value / Share	SAR 10
Capital Increase (%)	20% (One bonus shares for each five existing shares)
Method	Capitalizing SAR 13 million from retained earnings
New Capital	SAR 78 mln
Number of Shares	7.8 mln
Reason	Enhancing financial solvency in line with its future aspirations, implementing growth plans and maximizing shareholder returns.
Eligibility	Shareholders of record on the general meeting, which will be determined later, and those registered with Edaa by the end of the second trading day after the general meeting date

Share fractions, if any, will be consolidated into a single portfolio for all shareholders and sold at the market price. The resulting amount will then be distributed among eligible shareholders pro rata, within a period not exceeding 30 days. The bonus distribution is conditional upon obtaining the approval of the relevant regulatory authorities and shareholders.

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