Cenomi Centers raises capital to SAR 5.18bn through bonus share issue

The extraordinary general assembly of Cenomi Centers has approved the board of directors’ recommendation to increase the company’s capital to 5.18 billion riyals (SAR) by issuing bonus shares to shareholders and allocating a portion of new shares to its employee stock program.

The company stated it will capitalize 426.5 million riyals from retained earnings and issue approximately 42.66 million new shares. The increase includes around 39.58 million bonus shares for shareholders, representing 8.33 percent, and about 3.08 million shares allocated to employees, equivalent to 0.65 percent.

Following the increase, Cenomi Centers’ capital will rise from 4.75 billion riyals to about 5.18 billion riyals, an increase of 8.98 percent. The company said the move aims to support its growth and strengthen its financial position.

The eligibility for bonus shares will be for shareholders owning shares on the date of the extraordinary general assembly and registered in the company’s shareholder register at Edaa at the end of the second trading day following the entitlement date.