Tas’heel’s profits increased to 64.39 million riyals in the first quarter of 2026

United International Holding Company’s profits increased "Facilitate" In the first quarter of 2026, it increased by 11.4% to 64.39 million riyals, compared to 57.81 million riyals in the same quarter of last year.

, driven by revenue growth that achieved an increase of 17.5%. This growth was reflected positively in the gross profit (net income from Sharia-compliant financing contracts), which recorded an increase of 17.6%.

Tasheel’s net profit decreased by 13.5% in the current quarter compared to the previous quarter, as a result of the increase in operating expenses as well as the increase in provisions for expected credit losses.

General "Facilitate"

(Facilitation) announced the results of the extraordinary general assembly meeting, which included approval to increase the company’s capital (the first meeting), which was held

The results of the voting on the assembly’s agenda included: approval of business and contracts between the company and related parties.

The results included: approval of the Board of Directors’ recommendation to increase the capital by granting free shares to the company’s shareholders, according to the following:

– The total amount of the increase is 500 million riyals.

– The capital before the increase was 250 million riyals, and after the increase it was 750 million riyals, an increase of 200%.

– The number of shares before the increase was 25 million shares, and after the increase was 75 million shares.

– The increase aims to support the company’s financial position.

The details of the increase include:

Distributing 47 million shares as bonus shares to shareholders at a rate of 1.88 shares, for each share, equivalent to 47 shares for each. 25 shares owned by the shareholder, representing an increase of 1,800% of the company’s capital.

– Allocating 3 million shares to establish the company’s employee stock program (long-term incentive plan).

– Covering the capital increase by capitalizing about 43.9 million riyals from the statutory reserve account, and 465 million riyals from the retained earnings account as of December 31, 2024.

– The eligibility date for the grant shares will be To the company’s shareholders who own shares on the day of the extraordinary general assembly and who are registered in the company’s shareholder register at the Securities Depository Center Company. "Depository Center"At the end of the second trading day following the due date, and in the event that there are fractional shares, they will be collected in one portfolio for all shareholders and sold at the market price, then their value will be distributed to the shareholders entitled to the grant, each according to his share, within a period not exceeding 30 days from the date of determining the shares owed to each shareholder.

The results included: amending two articles of the company’s bylaws, namely Article Eight relating to the company’s capital, and Article Nine relating to subscription to shares. Results: Approval of establishing the company’s employee stock program (long-term incentive plan), and authorizing the Board of Directors to manage the program and determine its details, including specifying the terms of the program, including the allocation price for each share offered to employees if it is for a fee, and amending the program in the future if necessary.

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