The company's objective to improve its capital base in line with expectations for future growth and expansion as well as long-term value creation through investments in available opportunities is aligned with the increase in capital. The increase will come from the capitalization of 2,109,188,339 Saudi Riyals from retained earnings and 351,749,161 Saudi Riyals from the Statutory Reserve. The Shareholders Registry at the Deposit Center at the end of the second working day following the Eligibility Date lists all shareholders who held shares on the Eligibility Date as eligible shareholders. The Shareholders Registry at the Deposit Center at the end of the second working day following the Eligibility Date lists all shareholders who held shares on the Eligibility Date as eligible shareholders. The grant proposal is contingent upon receiving all required clearances from government agencies and an extraordinary general assembly meeting regarding the capital increase and share award.
