The Saudi Stock Exchange (Tadawul) announced that the fluctuation limit for shares of Al-Hassan Ghazi Ibrahim Shaker Company (Shaker) will be calculated based on a price of SAR 17.84, effective from the start of trading on Sunday, 22 Rajab 1447 AH, corresponding to January 11, 2026. This important regulatory measure follows the positive results announced at the company's Extraordinary General Assembly.
Details of the General Assembly's approval and capital increase
The Extraordinary General Assembly of Al Hassan Ghazi Ibrahim Shaker Company, held last Thursday, approved the Board of Directors' recommendation to increase the company's capital by distributing bonus shares to shareholders. This strategic move aims to strengthen the company's capital base in line with its business size and future aspirations. Such increases are typically funded through the capitalization of retained earnings or reserves, reflecting the company's robust financial position.
Price adjustment and order cancellation mechanism
Following the approval of the grant, Tadawul adjusted the reference price of the share to SAR 17.84, which will be the price used to calculate the daily fluctuation limit (up or down). As part of standard technical procedures in such cases, all existing orders in the order book were canceled to ensure fair trading and allow investors the opportunity to place new orders reflecting the adjusted price after the increase.
Bonus share deposit date
Regarding the implementation of the bonus share distribution, reports indicate that the Securities Depository Center Company (Edaa) will be responsible for adding the bonus shares to the portfolios of eligible shareholders. This process is scheduled to be completed before the start of trading on Tuesday, 24 Rajab 1447 AH (corresponding to January 13, 2026), allowing shareholders to dispose of their new shares by selling or holding them from that date.
About Shaker Company and the importance of this step
Al-Hassan Ghazi Ibrahim Shaker Company is considered one of the leading companies in the Saudi market in the import, manufacture, and distribution of air conditioners and home appliances. Decisions to increase capital in large industrial and commercial companies are of particular importance, as they often indicate the company's desire to retain cash liquidity to finance operational or investment expansions rather than distributing it as cash dividends. This strengthens investor confidence in the company's future growth and its ability to keep pace with economic developments in the Kingdom.
