Articles > Naba Alsaha Medical Services Co. Approves Capital Increase in Extraordinary General Assembly Meeting
Naba Alsaha Medical Services Co. Approves Capital Increase in Extraordinary General Assembly Meeting
By KlickAnalytics Data Insights | June 4, 2026 03:05AM ET
- Date, Time, and Location: The meeting was held on 03 June 2026 at 19:00 in Qatif, at Al-Zahra General Hospital, utilizing modern technological means through the Tadawulaty system.
- Attendance and Details: 68.23% of shareholders were present, with key board members and committees attending or represented.
- Voting Results: Various topics were discussed and approved, including granting free shares to shareholders, increasing capital by 100%, and amending company bylaws related to capital and subscription to shares.
Naba Alsaha Medical Services Company recently held an extraordinary general assembly meeting to discuss and approve significant decisions aimed at strengthening the company's financial position and supporting future expansion projects. The meeting, conducted using modern technological means through the Tadawulaty system, saw a notable 68.23% shareholder attendance.
Key items on the agenda included the approval of the company's auditor's report, discharge of board members from liabilities, and authorization to distribute interim dividends. The highlight of the meeting was the approval to increase the company's capital by 100%, from 105 million to 210 million Saudi riyals. This increase will involve granting free shares to shareholders on a 1:1 basis, with reasons cited as supporting new expansion projects.
Additionally, amendments to the company's bylaws related to capital and subscription to shares were approved. Shareholders owning shares at the time of the extraordinary general assembly and registered with the Securities Depository Center Company will be eligible to receive bonus shares. The increase will be covered by capitalizing retained earnings and reserve balances.
The decision reflects Naba Alsaha's commitment to growth and resilience in the healthcare sector, enhancing shareholder value and ensuring the company's ability to pursue strategic initiatives in the future.
- Attendance and Details: 68.23% of shareholders were present, with key board members and committees attending or represented.
- Voting Results: Various topics were discussed and approved, including granting free shares to shareholders, increasing capital by 100%, and amending company bylaws related to capital and subscription to shares.
Naba Alsaha Medical Services Company recently held an extraordinary general assembly meeting to discuss and approve significant decisions aimed at strengthening the company's financial position and supporting future expansion projects. The meeting, conducted using modern technological means through the Tadawulaty system, saw a notable 68.23% shareholder attendance.
Key items on the agenda included the approval of the company's auditor's report, discharge of board members from liabilities, and authorization to distribute interim dividends. The highlight of the meeting was the approval to increase the company's capital by 100%, from 105 million to 210 million Saudi riyals. This increase will involve granting free shares to shareholders on a 1:1 basis, with reasons cited as supporting new expansion projects.
Additionally, amendments to the company's bylaws related to capital and subscription to shares were approved. Shareholders owning shares at the time of the extraordinary general assembly and registered with the Securities Depository Center Company will be eligible to receive bonus shares. The increase will be covered by capitalizing retained earnings and reserve balances.
The decision reflects Naba Alsaha's commitment to growth and resilience in the healthcare sector, enhancing shareholder value and ensuring the company's ability to pursue strategic initiatives in the future.
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