Riyadh – Mubasher: The Saudi Exchange (Tadawul) has announced a technical adjustment to the trading parameters for Multi Business Group Company following the company’s Extraordinary General Meeting (EGM).
The daily price fluctuation limits have been effective on 28 June 2026 for the company’s shares based on a reference price of SAR 2.77, according to a bourse filing.
The adjustment follows the approval of a capital increase through the issuance of bonus shares, a move intended to restructure the company’s equity base and provide additional value to its existing shareholders.
The regulatory adjustment comes as a direct result of the decisions reached during the Multi Business Group EGM on 25 June, during which the shareholders approved the board of directors' recommendation to triple the company’s capital.
In accordance with the standard operating procedures of the Saudi Exchange, such corporate actions necessitate a recalibration of the stock’s market price to reflect the increased number of shares in circulation. By setting the reference price, the exchange ensures that the company’s total market capitalization remains consistent immediately following the dilution caused by the new share issuance.
As part of the transition to the adjusted price, Tadawul confirmed that all outstanding limit orders on Multi Business Group shares remaining in the trading system will be canceled. This is a standard transparency measure designed to protect investors from executing trades at prices that were based on the pre-adjustment valuation.
Market participants wishing to maintain their positions or enter new ones will be required to resubmit their orders based on the new reference price and the updated fluctuation limits.
Following the technical adjustment of the share price, the focus will shift to the administrative execution of the capital increase. The Securities Depository Center, known as Edaa, has been tasked with the distribution of the newly minted shares.
According to the official timeline, Edaa will deposit the bonus shares into the brokerage portfolios of eligible investors by the close of business on 30 June 2026.
The capital increase via bonus shares is a common strategic tool used by listed companies on the Saudi Exchange to strengthen their financial position and improve share liquidity.
By increasing the number of outstanding shares and lowering the individual share price, the company aims to make its stock more accessible to a broader range of retail and institutional investors.
