| Element List |
Explanation |
| Introduction |
Saudi Lime Industries Company announces the Board of Directors' decision to recommend to the Extraordinary General Assembly an increase in the company's capital by 5% through granting bonus shares to the company's shareholders by capitalizing SAR 11,000,000 from retained earnings. |
| Date of Board Meeting |
2025-03-25 Corresponding to 1446-09-25 |
| Capital before increase |
220,000,000 SAR |
| Capital after increase |
231,000,000 SAR |
| Percentage of Capital increase |
5 % |
| Number of shares before Capital increase |
22000000 |
| Number of shares after Capital increase |
23100000 |
| Reasons for the increase |
Keeping up with the company's growth, expanding its operations, and strengthening its financial position. |
| Number of Shares Granted per Exiting Share |
One bonus share for every 20 owned shares. |
| Nature and Value of Reserves Used in the Capitalization |
The increase will be through capitalizing SAR 11,000,000 from the retained earnings. |
| Eligibility Date |
The entitlement date will be for shareholders who own shares by the end of trading on the day of the Extraordinary General Assembly (which will be determined later) and who are registered in the company’s shareholder register at the Securities Depository Center Company (Edaa) by the end of the second trading day following the date of the Extraordinary General Assembly. |
| Fractional Shares |
In the event of fractional shares, all fractional shares will be accumulated in a single portfolio for all shareholders and sold at the market price. The proceeds will then be distributed among the eligible shareholders proportionally to their ownership percentage within a period not exceeding 30 days from the date of determining the entitled shares for each shareholder. |
| Approvals |
The grant is conditional upon obtaining approval from the relevant regulatory authorities and the Extraordinary General Assembly for the capital increase and the number of granted shares. |
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