| Introduction | AL Rashid Industrial Company announces that its Board of Directors has resolved to recommend to the Company’s Extraordinary General Assembly an increase in the Company’s capital by 50%, through the issuance of bonus shares to the Company’s shareholders, by capitalizing an amount of SAR 40,000,000 from retained earnings |
| Date of Board Meeting | 2025-12-22 Corresponding to 1447-07-02 |
| Capital before increase | 80,000,000 |
| Capital after increase | 120,000,000 |
| Percentage of Capital increase | 50 % |
| Number of shares before Capital increase | 8000000 |
| Number of shares after Capital increase | 12000000 |
| Reasons for the increase | To support the Company’s growth and expansion of its business activities and to strengthen its financial position |
| Number of Shares Granted per Exiting Share | One (1) bonus share will be granted for every two (2) shares held |
| Nature and Value of Reserves Used in the Capitalization | The capital increase will be implemented by capitalizing an amount of SAR 40,000,000 from the Company’s retained earnings |
| Eligibility Date | The eligibility date shall be for shareholders owning shares at the end of the second trading day following the Extraordinary General Assembly meeting date (which will be announced later) and who are registered in the Company’s shareholders’ register with the Securities Depository Center Company (Edaa) |
| Fractional Shares | In the event of fractional shares, the fractions will be aggregated into one portfolio for all shareholders and sold at the market price. The proceeds from such sale will then be distributed to the eligible shareholders on a pro-rata basis according to each shareholder’s ownership, within a period not exceeding thirty (30) days from the date of determining the shares due to each shareholder |
| Approvals | The capital increase is subject to obtaining the approvals of the relevant official authorities and the approval of the Company’s Extraordinary General Assembly |
