Riyadh - Mubasher: Canadian Medical Center Company’s board of directors has recommended a 25% increase in the company’s capital to support its expansion strategy and sustainable growth.

Under the proposal, the company will issue one bonus share for every four shares held by existing shareholders.

The capital hike will be achieved by capitalizing SAR 19.25 million from the company's retained earnings. This move will increase the total capital from SAR 77 million to SAR 96.25 million. Consequently, the number of outstanding shares will rise from 77 million to 96.25 million.

Eligibility for the bonus shares will be for shareholders registered in the company’s records at the Securities Depository Center (Edaa) by the end of the second trading day following the date of the Extraordinary General meeting (EGM), which will be scheduled at a later time.

In the event of fractional shares, the company stated they will be aggregated into a single portfolio and sold at market price, with proceeds distributed to eligible shareholders within 30 days.

The capital increase remains subject to approvals from the relevant official authorities and the company's shareholders.

During the January-June 2026 period,  the company posted 21.04% lower net profits at SAR 6.54 million, versus SAR 8.28 million in the first half (H1) of 2025.