Majan College board proposes bonus shares equal to 6.06% of capital
The board of Majan University College recommended bonus shares at 6.06% of share capital, lifting the share count from 99 million to 105 million, Reuters reported.
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what happened
The board of Majan University College (BACS.OM) has recommended issuing bonus shares equal to 6.06% of its share capital, Reuters reported. After the issue, the company's share count would rise from 99 million to 105 million. Issued and paid-up capital would grow from 9.9 million rials to 10.5 million rials.
This is a board recommendation, not a completed share issue.
why it matters
A higher share count after a bonus issue does not by itself change each shareholder's stake in the company, but it lowers the price of a single share and changes per-share figures. For investors, such news usually matters mainly for this one stock.
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sources
- Majan University College Board Recommends Bonus Shares At 6.06% Of Share Capital — Reuters, 1 November 2026 at 04:38 UTC
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