Canadian Medical Center withdraws capital increase proposal
CMCER
4021 0.40% 5.04 0.02
Riyadh - Mubasher: Canadian Medical Center Company’s board of directors has officially withdrawn a previous recommendation to increase the company's capital through the issuance of bonus shares.
The decision follows a comprehensive review of the company’s current financial status conducted by the board on 24 September 2026.
The original recommendation for the capital hike was first announced on 9 August 2026. According to the regulatory filing, the board of directors decided to retract the proposal to ensure the capital structure remains aligned with the company's fiscal requirements.
The company stated that the proposal to increase capital will be reconsidered at a later date.
Any future recommendation regarding a capital adjustment will be evaluated in light of the audited annual financial statements for 2026.
Canadian Medical Center confirmed there are no immediate costs associated with the withdrawal of this recommendation.
Source: Mubasher Source: {{details.article.source}}