Riyadh – Mubasher: The Saudi Exchange (Tadawul) recently announced that the fluctuation limits for Asas Makeen Real Estate Development and Investment Company had been set based on a share price of SAR 26.64, according to a bourse disclosure.
The adjustment of fluctuation limits followed the shareholders’ meeting held on 21 May 2026, during which they approved the capital increase through bonus shares.
During this session, the company’s shareholders reviewed and approved the board of directors' proposal to increase the total share capital. This increase is being facilitated via the distribution of bonus shares to existing shareholders, a process that capitalizes a portion of the company’s retained earnings or reserves into share capital, thereby increasing the total number of outstanding shares while maintaining the overall equity value for the investor.
The fluctuation limits were set for trading session on Sunday, 31 May 2026. Furthermore, the outstanding orders were canceled. This cancellation is a standard procedural requirement designed to prevent the execution of trades at prices that no longer reflect the current capital structure of the company.
Meanwhile, the Securities Depository Center (Edaa) is scheduled for depositing the addition shares into the investor’s portfolios by 2 June 2026.
In accordance with the regulatory framework governing the Saudi capital market, Tadawul must adjust the market price of a security following such corporate actions to ensure that the market capitalization remains stable.
Consequently, the exchange has set the reference price for 31 May 2026 session, as the daily fluctuation limits, which define the maximum and minimum price movements allowed during a single trading day, were calculated based on this new figure.
This capital restructuring marks a significant milestone for Asas Makeen, as it seeks to optimize its financial position. By increasing its capital base through bonus shares, the company demonstrates a commitment to reinvesting in its operations while providing value to its long-term investors. The process remains subject to the ongoing oversight of the Capital Market Authority (CMA) and the operational guidelines of Tadawul, ensuring transparency and fairness for all market participants.
