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Cineome Centers shareholders plan capital boost
Al Mokarram Arab Centers (Sunomi Centers) intends to increase its capital by 8.98%, through capitalizing a portion of retained earnings and issuing 42.66 million new shares. This will raise the company's capital from 4.75 billion SAR to 5.18 billion SAR, and increase the total number of shares from 475 million to approximately 517.66 million. Each shareholder will be granted one share for every 12 shares they own. Additionally, a portion of the shares will be allocated to an Employee Stock Program aimed at incentivizing long-term performance. The vote on the capital increase and amendments to the bylaws will take place at the Extraordinary General Assembly scheduled for September 27, 2026.
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