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Cenomi Centers Gets Regulatory Nod for Capital Increase

MT Newswires·08/13/2026 00:39:23
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12:39 AM EDT, 08/13/2026 (MT Newswires) -- Arabian Centres Co. (SASE:4321), d/b/a Cenomi Centers, secured approval from Saudi Arabia's Capital Market Authority to increase its capital by issuing one bonus share for every 12 shares held by shareholders. The real estate developer's capital will increase to 5.18 billion Saudi riyals from 4.75 billion riyals through a transfer of 426.6 million riyals from the retained earnings account, according to a Wednesday release. The company will hold its extraordinary general assembly within six months to fulfill all regulatory requirements for the process.