Riyadh – Mubasher: Future Vision for Health Training Company has announced that its shareholders approved a significant capital restructuring during an Extraordinary General Assembly meeting held on 17 June 2026.

The assembly ratified a 100% increase in the company’s share capital through a bonus share issuance, according to a bourse filing.

This strategic move to double the capital involves the capitalization of SAR 10 million from the share premium account, which will effectively double the company’s total outstanding shares.

The primary highlight of the meeting was the approval of the board of directors' recommendation to increase the company's capital from SAR 10 million to SAR 20 million.

This expansion will be executed by issuing one bonus share for every existing share held by investors.

Consequently, the total number of shares will rise from 10 million to 20 million shares.

According to the disclosure, eligibility for the bonus shares is granted to shareholders who owned stock at the close of trading on the day of the Extraordinary General Assembly. These shareholders must also be registered in the company’s registry at the Securities Depository Center (Edaa) by the end of the second trading day following the meeting.

In the event of fractional shares resulting from the grant, the company will aggregate these fractions into a single portfolio to be sold at market price.

The resulting proceeds will then be distributed proportionately to eligible shareholders within a period not exceeding 30 days from the date of entitlement.

Beyond the capital hike, the assembly approved several fundamental changes to the company’s Articles of Association. This included amendments to Article 4 regarding the company’s objectives, Article 16 concerning management, and Article 18 regarding the powers of the Board of Directors.

Furthermore, a substantial reorganization of the corporate bylaws took place, involving the deletion of Articles 21 through 26, as well as Articles 30 through 33.

These specific articles pertained to the roles and powers of the Chairman, Vice Chairman, Managing Director, Board Secretary, and general board authorities.

Articles 7 and 8, which govern capital and share subscription, were also amended to reflect the new capital structure.

In terms of financial oversight and reporting, the shareholders reviewed and discussed the Board of Directors' report and the financial statements for the fiscal year ending 31 December 2025.

The assembly approved the auditor’s report for the same period and discharged the members of the Board of Directors from liability for the 2025 fiscal year.

Furthermore, the assembly approved the appointment of Sultan Ahmed Al Shalibi Company as the external auditor.

Based on the Audit Committee's recommendation, the firm will be responsible for reviewing and auditing the semi-annual financial statements for the period ending 30 June 2026, and the annual financial statements for the fiscal year ending 31 December 2026.

The total fees for these professional services were set at SAR 155,000.

The approval of the capital increase and the extensive amendments to the Articles of Association represent a pivotal shift in Future Vision’s corporate structure.

By doubling its capital base and streamlining its internal bylaws, the company is positioning its balance sheet and governance framework for a new phase of operations following the 2025 fiscal year.