Rozen Arabia Adds Bonus Shares to Shareholders' Accounts
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.
The company stated that a total of 487,500 bonus shares, with a nominal value of SAR 4,875,000, were distributed to the current shareholders at a rate of 1 share for every 2 shares owned by shareholders registered on the Ebana platform by the end of the day of the general assembly meeting (5:00 PM) on June 30, 2024. The capital increase was funded by transferring SAR 4,875,000 from the “Share Premium” account to the “Capital” account.
Following the increase, the company’s total capital now stands at SAR 14,625,000, divided into 1,462,500 shares.