Riyadh – Mubasher: Mohammed Hasan Al Naqool Sons Company has called for an extraordinary general meeting (EGM) to be held virtually on 27 July 2026, according to a bourse disclosure.
The primary agenda item is a board recommendation to increase the company’s capital by 100% through the issuance of bonus shares to shareholders.
Under the proposal, the company’s capital will rise from SAR 29 million to SAR 58 million.
The increase will be achieved by capitalizing SAR 29 million from the retained earnings account. Shareholders will be granted one bonus share for every one share currently held.
Consequently, the total number of shares will increase to 5.80 million shares.
The company stated the capital hike aims to support strategic growth plans, future expansion requirements, and strengthen its financial position.
Eligibility for the bonus shares is set for the EGM date of 27 July 2026 for shareholders registered at the Depository Center by the end of the second trading day following the eligibility date.
Fractional shares, if any, will be consolidated and sold at market price within 30 days.
Shareholders will also vote on amending Articles 8 and 9 of the company’s bylaws and adding new articles regarding share buybacks and corporate investments.
In June 2026, the Capital Market Authority (CMA) ratified Al Naqool’s request to increase its capital.
