Rozen Arabia Adds Bonus Shares to Shareholders' Accounts
Date: 9/9/2024 Source: Ebana
Rozen Arabia has announced the addition of bonus shares, related to the recent capital increase, to the accounts of eligible shareholders through the Ebana platform for shareholder relations services. The company’s extraordinary general assembly had approved an increase in the capital to SAR 14,625,000.
Rozen Arabia: Resumption of the Extraordinary General Assembly Meeting
Date: 4/4/2024 Source: Ebana
Rozen Arabia announces to its shareholders that it has amended several items from the Extraordinary General Assembly meeting held on February 21, 2023, which were previously voted upon.
Rozen Arabia attributed the reason for amending several items from the previous General Assembly to a request from the Saudi Ministry of Commerce, in order to align them with the new Companies Law, which came into effect at the beginning of 2023.
Rozen Arabia Distributes Bonus Shares After Raising Its Capital to 9.75 Million Riyals
Date: 3/11/2022 Source: Ebana
Rozen Arabia company specializing in the production of tissue paper (MaxiRoll), plastic materials, and cleaning products, has confirmed the completion of its transition into a closed joint-stock company. The company also indicated that its nominal capital was increased from 7.5 million riyals to 9.75 million riyals, or from 750,000 shares to 975,000 shares, an increase of 225,000 shares. As a result, one share was granted for every five existing shares, and this bonus is available to shareholders registered as of the date of the extraordinary general meeting on September 18, 2022. During this meeting, the general assembly decided to introduce new investors through crowdfunding, and the bonus shares will be distributed to the founders and new shareholders who subscribed during the offering through the Alawwal Capital platform.