Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has officially approved for Maharah Human Resources Company to increase its total capital from SAR 475 million to SAR 600 million through bonus shares to the company’s existing shareholders.
Under the approved plan, Maharah will increase its share capital by 26.32% or SAR 125 million, which will result in the issuance of 125 million new shares, according to an official statement.
This step will raise the total number of the company’s outstanding shares from 475 million to 600 million, designed as a capitalization of the company’s internal accounts while allowing the firm to strengthen its formal capital structure without requiring a direct cash contribution from its shareholder base.
An amount of SAR 103.05 million will be transferred from the company’s statutory reserves account. The remaining balance of SAR 21.94 million required for the increase will be sourced from Maharah’s retained earnings account.
By reallocating these funds to the capital account, the company effectively converts accumulated profits and reserves into permanent equity.
While the CMA has provided its regulatory approval, the capital increase is still subject to the final endorsement of the company’s shareholders.
Meanwhile, the completion of this capital increase will mark a formal expansion of Maharah’s equity, reflecting the company’s strategy to capitalize its reserves and retained earnings.
It is worth noting that the board of the listed company proposed the capital increase in April 2026.
