| Element List | Explanation |
|---|---|
| Introduction | Al Hassan Ghazi Ibrahim Shaker Company announces its Board of Director resolution by circulation on 20/08/2025 AD corresponding 26/02/1447 AH to recommend to the Extraordinary General Assembly the following: 1- To approve the establishment of an employee share program as per the long-term incentive plan 2- To approve the capital increase of the Company by 22% from SAR 555,000,000 to SAR 677,100,000, by issuing 12,210,000 new ordinary shares via capitalizing SAR 122,100,000 of the retained earnings of the Company, whereby 11,100,000 bonus shares will be granted to the Company’s shares (equaling %16.393442626 of the Company’s capital post-increase) at a rate of (1) share for every (5) shares, and allocating the remaining 1,110,000 new shares resulting from the capital increase to the employee share program (equaling %1.63934426229 of the Company’s capital post-increase). |
| Date of Board Meeting | 2025-08-20 Corresponding to 1447-02-26 |
| Capital before increase | SAR 555,000,000 |
| Capital after increase | SAR 677,100,000 |
| Percentage of Capital increase | 22 % |
| Number of shares before Capital increase | 55500000 |
| Number of shares after Capital increase | 67710000 |
| Reasons for the increase | Implementing the company's future plans. |
| Number of Shares Granted per Exiting Share | The distribution of 11,100,000 ordinary shares as bonus shares to shareholders, at a rate of (1) share for every (5) shares owned, and allocating the remaining 1,110,000 ordinary shares as treasury shares to be allocated to the employees under the employee share program. |
| Nature and Value of Reserves Used in the Capitalization | The increase will be through capitalizing 122,100,000 SAR from the retained earnings. |
| Eligibility Date | Eligible Shareholders are Those Holding Shares in the Eligibility Date as per the Shareholders Registry at the Deposit Center at The End of The Second Working Day after Eligibility Date |
| Fractional Shares | In the event of fractional shares, the fractions will be collected in one portfolio for all shareholders and sold at the market price, then their value will be distributed to the shareholders entitled to the grant, each according to their share, within a period not exceeding 30 days from the date of determining the new shares due to each shareholder. |
| Approvals | The capital increase, issuance of bonus shares, and treasury shares are subject to obtaining the necessary approvals from the relevant regulatory authorities and the Company’s Extraordinary General Assembly. |
