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Element List	Explanation
Introduction	Maharah Human Resources Company (Maharah) announces the Board of Directors' resolution, issued during its meeting held on Thursday, 28 Shawwal 1447H (corresponding to April 16, 2026), to recommend to the Extraordinary General Assembly (EGM) a capital increase. This increase will be executed through the distribution of bonus shares to the company’s shareholders as follows: • The capital increase will be financed by capitalizing the entire statutory reserve of SAR 103,056,265, along with capitalizing a portion of retained earnings amounting to SAR 21,943,735, for a total of SAR 125,000,000. This represents a 26.32% increase in the company’s capital. Accordingly, the company’s capital will rise from SAR 475 million to SAR 600 million, and the number of shares will increase from 475 million to 600 million shares—an addition of 125 million shares. • The increase will be carried out through the distribution of bonus shares to the company’s shareholders at a rate of approximately 0.2632 shares for every one (1) share held (equivalent to 5 shares for every 19 shares owned). This is subject to obtaining approval from the relevant authorities and the Extraordinary General Assembly on the capital increase, the number of shares to be granted, and the amendment of the articles related to capital in the company’s bylaws. The date of the meeting will be announced at a later time.
Date of Board Meeting	2026-04-16 Corresponding to 1447-10-28
Capital before increase	SAR 475,000,000
Capital after increase	SAR 600,000,000
Percentage of Capital increase	26.32 %
Number of shares before Capital increase	475000000
Number of shares after Capital increase	600000000
Reasons for the increase	To strengthen the company's capital base and enhance its financial position
Number of Shares Granted per Exiting Share	The distribution of 125,000,000 bonus shares to the Company’s shareholders at a rate of approximately 0.2632 shares for each one (1) share held (equivalent to 5 shares for every 19 shares owned)
Nature and Value of Reserves Used in the Capitalization	Capitalizing the full statutory reserve of SAR 103,056,265, and capitalizing a portion of retained earnings amounting to SAR 21,943,735
Eligibility Date	Eligibility for the bonus shares shall be for shareholders who own the shares on the date of the Extraordinary General Assembly meeting and are registered in the company's shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly that resolves the capital increase
Fractional Shares	In the event of fractional shares, such fractions will be aggregated into a single portfolio for all shareholders and sold at market price, and the proceeds will be distributed to the shareholders entitled to the bonus shares, each according to their entitlement, within a period not exceeding 30 days from the date of determining the shares due to each shareholder.
Approvals	The bonus share distribution is subject to obtaining the approval of the relevant competent authorities and the Extraordinary General Assembly on the capital increase and the number of shares to be granted

Maharah Human Resources Co. Announces the Board's Recommendation to Increase the Capital by Granting Bonus Shares