Riyadh – Mubasher: The shareholders of Naba Alsaha Medical Services Company have agreed to double the share capital from SAR 105 million to SAR 210 million through a bonus share issue, according to a bourse disclosure.
The decision was reached during the company’s Extraordinary General Assembly on 3 June 2026 and aims to provide the necessary funding for new expansion projects and enhance the firm’s growth trajectory.
The assembly voted in favor of a 100% increase in the company’s capital, which will be executed by doubling the number of outstanding shares from 10.50 million to 21 million shares.
Accordingly, the eligible shareholders will be granted one bonus share for every one share currently held. The expansion of the capital base is being funded through the capitalization of SAR 93 million from the company’s retained earnings account and an additional SAR 12 million from its statutory reserve.
Eligibility for the bonus shares is set for shareholders owning stock at the close of trading on the day of the Extraordinary General Assembly, provided they are registered with the Securities Depository Center (Edaa) by the end of the second trading day following the eligibility date.
Beyond the capital restructuring, shareholders reviewed and approved several key financial and administrative items. The assembly ratified the Board of Directors’ report, the auditor’s report, and the consolidated financial statements for the 2025 financial year.
Furthermore, the board members were discharged from liability for the 2025 fiscal year, and a total remuneration of SAR 1.41 million was approved for the board for the same period.
Looking forward, the assembly granted the Board of Directors the authority to distribute interim dividends on a semi-annual or quarterly basis for the 2026 fiscal year. This authorization provides the board with the flexibility to manage shareholder returns in alignment with the company’s financial performance throughout the upcoming year.
The successful approval of the capital increase marks a strategic milestone for Naba Alsaha Medical Services as it seeks to strengthen its financial position to support its future expansionary initiatives within the healthcare sector.
