Saudi Regulator OKs Al Mawarid Manpower Co.'s Bonus Share Issue

11:51 PM EST, 01/05/2026 (MT Newswires) -- Saudi Arabia's Capital Market Authority approved Al Mawarid Manpower Co.'s (SASE:1833) proposed offering of bonus shares to increase its capital to 200 million Saudi riyals from 150 million riyals, according to a Monday release. Under the plan, the Saudi manpower services company will distribute one bonus share for every three shares held to shareholders registered as of the second trading day after the due date to be announced later. The capital increase will be funded through the transfer of 50 million riyals from the company's retained earnings, increasing its outstanding shares to 20 million from 15 million. Al Mawarid Manpower said it will convene an extraordinary general assembly within six months of the approval date, with all regulatory requirements to be satisfied.