Raoom Trading Co. Announces the Board’s Recommendation to Increase the Capital by Granting Bouns Shares
| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Raoom Trading Company, in its meeting held on 11/08/1446H corresponding to 10/02/2025, decided to recommend to the Extraordinary General Assembly an increase in the company’s capital through the issuance of bonus shares to the shareholders of Raoom Trading Company.
The capital increase will be carried out by capitalizing SAR 62,500,000 from retained earnings, granting one bonus share for each existing share. |
| Date of Board Meeting | 2025-02-10 Corresponding to 1446-08-11 |
| Capital before increase | 62,500,000 |
| Capital after increase | 125,000,000 |
| Percentage of Capital increase | 100 % |
| Number of shares before Capital increase | 6250000 |
| Number of shares after Capital increase | 12500000 |
| Reasons for the increase | The capital increase aims to strengthen the company’s financial position and support its capital to align with the scale of its operations and future aspirations. |
| Number of Shares Granted per Exiting Share | One share for each share |
| Nature and Value of Reserves Used in the Capitalization | SAR 62,500,000 will be capitalized from retained earnings. |
| Eligibility Date | The eligibility will be for the company’s shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly meeting. The date of the assembly meeting will be announced later. |
| Fractional Shares | In the event of fractional shares resulting from the issuance of bonus shares, all fractional shares will be collected into a single portfolio for all shareholders and sold at the market price. The proceeds will then be distributed to the eligible shareholders according to their respective entitlements within a period not exceeding 30 days from the date of determining the new shares allocated to each shareholder. |
| Approvals | The bonus share issuance is conditional upon obtaining the approval of the regulatory authorities and the Extraordinary General Assembly on the capital increase and the number of granted shares. |
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