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Synomi Centers shareholders plan capital boost
The Arabian Centres Company (Sinom Centers) has decided to invite its shareholders to an extraordinary general assembly meeting on September 27, 2026, to discuss increasing the company's capital from 4.75 billion SAR to 5.18 billion SAR, representing an approximate increase of 8.98%. The increase will be carried out by capitalizing a portion of retained earnings and issuing 42.66 million new shares, of which 39.58 million will be issued as bonus shares to shareholders, and 3.08 million will be allocated to the employee stock program. The purpose of this is to support the company's growth, strengthen its financial position, and motivate employees. The bonus shares will be distributed at a ratio of one share for every 12 owned, with any fractional shares being handled through sale and the distribution of their value to shareholders. The meeting will also include a vote on amending the company's bylaws and the employee stock program, with the authorization for the board of directors to determine its terms and amend it when necessary.
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