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‎CMA approves Cenomi Centers 9% capital hike via bonus shares

Source
Argaam - Main News
Source link
https://www.argaam.com/en/article/articledetail/id/1928878
Published
2026-08-12 18:52:00
Discovered by ProcIntel
2026-08-12 19:52:25
Category
GCC Spotlight
Geography
Saudi Arabia
Organisations
—
Review status
Pending
Record type
REAL

Summary

‎<p><img src="https://argaamplus.s3.amazonaws.com/60124b13-4b2c-4c8f-8816-f2bb9c0e3e94.png" ></p> <p class="ckeCaption" >Logo ofArabian Centres Co. (Cenomi Centers)</p> <hr> <p >The Capital Market Authority (CMA) approved Arabian Centres Co. (<a href="https://www.argaam.com/en/tadawul/tasi/cenomi-centers" target="_blank">Cenomi Centers</a>) application to raise its capital from SAR 4.75 billion to SAR 5.18 billion, the market regulator said in a statement.</p> <p ></p> <p >The CMA said the planned capital hike will be carried out via a 1-for-12 bonus share distribution.</p> <p ></p> <p >Eligibility for the bonus issue will be to shareholders registered with the Securities Depository Center (Edaa) by the end of the second trading day following the record date, which will be determined later by the company’s board of directors.</p> <p ></p> <p >The capital increase will be funded by transferring SAR 426.6 million from retained earnings. Accordingly, the number of shares will rise from 475 million to 517.66 million, an increase of 42.66 million shares.</p> <p ></p> <p >The CMA added that the company’s deciding extraordinary general meeting (EGM) should be held within six months from this approval, provided all regulatory requirements and applicable laws are satisfied.</p> <p ></p> <p >Cenomi Centers’ board recommended last June increasing capital by 8.98% from SAR 4.75 billion to SAR 5.18 billion, according to<strong> Argaam</strong>’s data.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > <p ><strong><span >Capital Increase Details</span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Current Capital</span></span></strong></p> </td> <td > <p ><span ><span >SAR 4.75 bln</span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Number of Shares</span></span></strong></p> </td> <td > <p ><span ><span >475 mln</span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Percentage of Increase</span></span></strong></p> </td> <td > <p ><span ><span >9% (one bonus share for each 12 shares held)</span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >New Capital</span></span></strong></p> </td> <td > <p ><span ><span >SAR 5.18 mln</span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Number of Shares</span></span></strong></p> </td> <td > <p ><span ><span >517.66 mln</span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Method</span></span></strong></p> </td> <td > <p ><span ><span ><span >Capitalization of SAR 426.6 mln from retained earnings for issuing 39.58 mln bonus shares and allocating 3.08 mln shares to the proposed employee share program.</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Reserves</span></span></strong></p> </td> <td > <p ><span ><span ><span >Capitalization of SAR 426.6 mln from retained earnings.</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Reasons</span></span></strong></p> </td> <td > <p ><span ><span >To support the company’s growth, strengthen its financial position and incentivize employees over the long term through the proposed employee share program.</span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span >Record Date</span></span></strong></p> </td> <td > <p ><span ><span >Shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the record date.</span></span></p> </td> </tr> </tbody> </table>

Procurement Relevance Gate

FAIL — score 7.0/100 — evaluated 2026-08-12 19:52:25
Only geographic exposure matched — no substantive content indicator, so this cannot pass alone.
  • geographic_exposure (weight 8) — matched on "1 linked geography"

Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

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Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.