| Introduction | Reference to United International Holding Company (TAS’HEEL) Board of Directors resolution at its meeting held on 23 March 2025, in which it recommended to the Extraordinary General Assembly to increase the Company’s capital from SAR 250 million to SAR 750 million, in order to strengthen its financial position. The increase in capital was to be funded by capitalizing SAR 500 million from the Statutory Reserve Account, the Additional Capital Contribution Account, and the company’s Retained Earnings, which represents a 200% increase in the company’s capital. |
| Previous Announcement | Board of Directors’ recommendation to increase the Company’s capital by granting bonus shares |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-03-24 Corresponding to 1446-09-24 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | United International Holding Company (TAS’HEEL) Board of Directors decided on Thursday, 22 January 2026, to amend the nature and value of the reserves to be used for the capitalization issue, so that (the increase in capital shall be funded through the capitalization of SAR 500 million from the statutory reserve and retained earnings accounts). |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | NA |
