-+ 0.00%
-+ 0.00%
-+ 0.00%

Saudi CMA OKs Academy of Learning Co's Capital Raise via Bonus Share Issue

MT Newswires·10/19/2026 00:37:44
Listen to the news
12:37 AM EDT, 10/19/2026 (MT Newswires) -- Academy of Learning Co. (SASE:9541) secured the Saudi Capital Market Authority's approval to raise its capital to 157.5 million Saudi riyals from 135 million riyals by issuing bonus shares. Shareholders of the education and training services company are set to receive one bonus share for every six they hold, raising its shares to 157.5 million from 135 million, according to a Sunday notice. The increase of 22.5 million riyals will be paid for by transferring retained earnings into capital. The capital increase remains subject to shareholder approval at an extraordinary general assembly to be held within six months.