| Introduction | ASG Plastic Factory Co. announces the Board of Directors’ resolution dated 12-10-1447 AH, corresponding to 31-03-2026 AD, recommending to the Extraordinary General Assembly an increase of the company’s capital through the issuance of bonus shares to shareholders, by capitalizing an amount of 23,897,450 SAR from the share premium and an amount of 46,602,550 SAR from retained earnings, where one bonus share will be granted for each share owned. |
| Date of Board Meeting | 2026-03-31 Corresponding to 1447-10-12 |
| Capital before increase | 70500000 |
| Capital after increase | 141000000 |
| Percentage of Capital increase | 100 % |
| Number of shares before Capital increase | 7050000 |
| Number of shares after Capital increase | 14100000 |
| Reasons for the increase | This capital increase aims to support the company's expansion plans and strengthen its financial position in line with its future aspirations, contributing to sustainable growth and maximizing returns for shareholders. |
| Number of Shares Granted per Exiting Share | One share will be granted for each existing share. |
| Nature and Value of Reserves Used in the Capitalization | The increase will be effected by capitalizing an amount of 23,897,450 SAR from the share premium and an amount of 46,602,550 SAR from retained earnings, bringing the total capitalized amount to 70,500,000 SAR. |
| Eligibility Date | The eligibility of the bonus shares shall be for shareholders who own shares at the close of trading on the date of the Company’s Extraordinary General Assembly (which will be announced later), and who are registered in the shareholders’ register with 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 case of fractional shares, the fractions will be consolidated into a single portfolio for all shareholders, sold at the market price, and the proceeds will be distributed to the eligible shareholders according to their respective entitlements within a period not exceeding 30 days from the date the bonus shares are allocated to each shareholder. |
| Approvals | The bonus shares are conditional upon obtaining the approval of the relevant regulatory authorities and the Extraordinary General Assembly for the capital increase and the number of shares to be granted. |