Arabian Centers Company (Cenomi Centers) announces the board’s recommendation to increase the Company’s capital by way of issuing bonus shares and capitalizing and allocating shares for employees

Element List	Explanation
Introduction	Arabian Centers Company (“Cenomi Centers” or “the Company”) announces the issuance of its board’s recommendation on 04/01/1448H (corresponding to 19/06/2026G) to the extraordinary general assembly to increase the Company’s share capital from four billion seven hundred fifty million (SAR 4,750,000,000) Saudi Riyals, divided into four hundred seventy-five million (475,000,000) shares, to five billion one hundred seventy-six million five hundred eighty-seven thousand six hundred twenty (5,176,587,620) Saudi Riyals, divided into five hundred seventeen million six hundred fifty-eight thousand seven hundred sixty-two (517,658,762) shares, through: (a) the issuance of thirty-nine million five hundred eighty-three thousand three hundred thirty-three (39,583,333) new shares as bonus shares to the shareholders at ratio of one (1) bonus share for every twelve (12) existing shares, representing 8.33% increase in the Company’s capital (the “Bonus Shares”); and (b) the issuance of three million seventy-five thousand four hundred twenty-nine (3,075,429) new shares to be allocated to the employee share program to be established, representing 0.65% increase in the Company’s share capital (the “ESOP Shares”) (with an aggregate increase of 8.98[HA1.1]%) (the “Capital Increase”).
Date of Board Meeting	2026-06-19 Corresponding to 1448-01-04
Capital before increase	SAR 4,750,000,000.
Capital after increase	SAR 5,176,587,620.
Percentage of Capital increase	8.98 %
Number of shares before Capital increase	475000000
Number of shares after Capital increase	517658762
Reasons for the increase	Support the Company’s growth and strengthen its financial position, and to allocate a part of it to the employee share program to be established to incentive employees on the long term.
Number of Shares Granted per Exiting Share	A. Distributing (39,583,333) Bonus Shares to shareholders by granting (1) share for each twelve (12) existing shares. B. Allocating an additional (3,075,429) ESOP Shares, for the purpose of allocating them to the employee share program to be established.
Nature and Value of Reserves Used in the Capitalization	The Capital Increase will be through capitalizing SAR (712,500,000) 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 case of shares’ fractions, all the shares’ fractions will be collected in one portfolio for all shareholders and will be sold at the market price, then the amount will be distributed, after deducting cost, to the eligible shareholders for the Bonus Shares proportionately as per ownership percentage within a period not exceeding thirty (30) days from the date of determining the due shares for each shareholder.
Approvals	The proposed Capital Increase, and the number of Bonus Shares and ESOP Shares, remain subject to obtaining the approval of the competent regulatory authorities and the extraordinary general assembly of the Company. The Company will also elevate the board’s recommendation to establish the employee share program to the general assembly that will vote on the Capital Increase.