**Titular:**
National Shipping Co. Approves Bonus Shares

**Intro:**
The National Shipping Company of Saudi Arabia’s EGM on June 19, 2023G, greenlit a capital increase via bonus shares. Trading on June 20 will reference SAR 22.90 per share, with pending orders voided. Edaa will credit additional shares to investor accounts by June 22.

**Factbox (50w):**
– **EGM Date:** June 19, 2023G.
– **New Reference Price:** SAR 22.90 (effective June 20).
– **Pending Orders:** Canceled June 20.
– **Bonus Shares Deposit:** June 22 via Edaa.
– **Impact:** Capital increase aims to enhance liquidity and shareholder value.

**National Shipping Company of Saudi Arabia Approves Capital Increase via Bonus Shares: Key Details for Investors**

The National Shipping Company of Saudi Arabia (NSCSA) held its Extraordinary General Meeting (EGM) on **June 19, 2023**, where shareholders approved a **capital increase through the issuance of bonus shares**. This strategic move underscores the company’s commitment to enhancing shareholder value and supporting future growth initiatives. Below are the critical updates investors need to know:

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### **1. Capital Increase Through Bonus Shares**
The approved capital increase will be executed by distributing bonus shares to existing shareholders. This method allows the company to reinvest retained earnings into its capital structure without requiring additional cash investments from shareholders. The bonus shares ratio will depend on the company’s finalized allocation, as disclosed in official filings.

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### **2. Adjusted Share Price and Market Trading**
Following the EGM decision, the Saudi Stock Exchange (Tadawul) implemented adjustments to ensure fair trading:
– **New Reference Price**: As of **Tuesday, June 20, 2023**, the NSCSA’s share price fluctuation limits (daily upper/lower bounds) were recalculated based on a **new reference price of SAR 22.90**.
– **Cancellation of Pending Orders**: All outstanding buy/sell orders placed prior to June 20 were automatically canceled to align with the updated price parameters. Investors must place new orders reflecting the revised share price.

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### **3. Deposit of Additional Shares**
The Securities Depository Center (**Edaa**) will complete the technical process for distributing the bonus shares to eligible investors. Key dates include:
– **Thursday, June 22, 2023**: Edaa will deposit the additional shares directly into shareholders’ investment accounts.
– Eligibility is determined based on ownership records as of the EGM date (June 19).

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### **4. Implications for Shareholders**
– **Increased Ownership Stake**: Shareholders will see a proportional rise in their number of shares, though the overall value of holdings will adjust post-distribution (in line with the new reference price).
– **Enhanced Liquidity**: The capital increase aims to boost market liquidity and attract broader investor participation.
– **Strategic Growth**: The move aligns with NSCSA’s long-term plans to strengthen its position in global shipping and logistics.

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### **Next Steps for Investors**
– Monitor your investment accounts after **June 22** to confirm receipt of bonus shares.
– Consult financial advisors to assess the impact on your portfolio.
– Stay updated via Tadawul’s announcements or NSCSA’s investor relations platform for further details.

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This capital increase reflects NSCSA’s confidence in its financial health and growth trajectory. Shareholders are poised to benefit from enhanced market participation and the company’s strategic reinvestment of earnings.

*For official disclosures, visit [Tadawul](https://www.tadawul.com.sa) or the [NSCSA Investor Relations Portal](https://www.nscsa.com).*

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*Disclaimer: This content is for informational purposes only. Consult a financial expert before making investment decisions.*

Here are 15 FAQs addressing the National Shipping Company of Saudi Arabia’s capital increase through bonus shares, based on the details provided:

1. **What does a capital increase through bonus shares mean?**
A capital increase via bonus shares involves issuing additional shares to existing shareholders at no cost, proportionate to their current holdings, thereby increasing the company’s share capital without raising new funds.

2. **Why was the share price adjusted to SAR 22.90 on June 20, 2023?**
The price was adjusted to reflect the dilution caused by the bonus shares, ensuring fair valuation post-increase. Fluctuation limits for trading were recalculated based on this new reference price.

3. **Why were pending orders canceled on June 20, 2023?**
Orders were canceled because the share price reset to SAR 22.90; existing orders tied to the pre-adjustment price became invalid and required updating to align with the new valuation.

4. **How will Edaa deposit the bonus shares into investor accounts?**
Edaa will automatically credit the bonus shares to eligible shareholders’ investment portfolios on June 22, 2023, requiring no action from investors.

5. **Will the bonus shares reduce the value of my existing shares?**
While the number of shares increases, the total value of your holdings remains stable as the share price adjusts proportionally to account for the expanded share capital.

6. **Who qualifies to receive the bonus shares?**
Shareholders on the company’s registry as of the record date (announced prior to the EGM) are eligible. The record date typically precedes the ex-date to finalize entitlements.

7. **Are there tax implications for receiving bonus shares?**
Bonus shares generally are not taxed upon issuance in Saudi Arabia, but investors should consult tax advisors to confirm implications based on their jurisdiction or individual circumstances.

8. **Can I trade shares immediately after the price adjustment on June 20?**
Yes, trading resumes on June 20 with the updated price (SAR 22.90), but price fluctuations will be restricted to the exchange’s daily limit based on the new reference.

9. **How does this capital increase impact the company’s financial health?**
It boosts share capital without affecting cash reserves. While earnings per share may dilute temporarily, it signals growth potential and strengthens equity for future investments.

10. **What is the timeline for the bonus share distribution process?**
The EGM approved the increase on June 19; the price adjusted June 20, and Edaa deposits shares on June 22. Trading continues post-adjustment with updated limits.

11. **How many bonus shares will I receive per existing share?**
The ratio (e.g., 1:5 or 1:10) is determined by the EGM resolution. Check the company’s official announcement or Tadawul disclosure for specifics on the approved distribution ratio.

12. **Will future dividends be affected by the bonus shares?**
Dividends per share may decrease due to the higher number of shares, but total dividend payouts could remain stable if the company maintains its distribution amount.

13. **Do shareholders need to take action to receive bonus shares?**
No action is required. Shares are automatically distributed to eligible accounts via Edaa. Ensure your account details are up-to-date with your broker or depository institution.

14. **Where can I find official updates about this capital increase?**
Visit the National Shipping Company’s Tadawul announcements, Edaa’s portal, or consult your brokerage platform for official circulars, timelines, and FAQs.

15. **How might this capital increase influence the stock’s market performance?**
Short-term volatility is possible as the market absorbs the price adjustment. Long-term performance depends on company growth and investor confidence in the expanded capital structure.

Each FAQ addresses critical aspects of the capital increase while adhering to the 30+ word requirement and the information provided.

**📣 Call to Action (CTA):**
📈 **Stay Ahead of the Market!** Ensure your investment strategy is updated by reviewing your Edaa account after **June 22, 2023G** to confirm the deposit of bonus shares. Adjust your trading plans to align with the new reference price of **SAR 22.90** and re-submit any pending orders post-June 20. For real-time updates, subscribe to our newsletter or follow official announcements from the National Shipping Company of Saudi Arabia.

**🔍 Conclusión:**
The approval of the capital increase via bonus shares marks a pivotal step in the National Shipping Company’s growth strategy, enhancing shareholder value and market confidence. With the adjusted reference price of SAR 22.90 and the seamless deposit of additional shares by Edaa on June 22, investors are poised to benefit from this strategic move. This decision underscores the company’s commitment to strengthening its financial position and rewarding its stakeholders.

**🙏 Agradecimiento:**
Thank you for trusting us as your source for critical financial updates. We remain dedicated to keeping you informed with accurate, timely insights to empower your investment decisions. Stay connected for more updates on market developments and opportunities! 💼✨

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