The Authority's Approval of the Request of Idarat for Telecommunications and Information Technology Company to Increase Its Capital by Granting Bonus Shares

موافقة الهيئة على طلب شركة إدارات للاتصالات وتقنية المعلومات زيادة رأس مالها عن طريق منح أسهم مجانية

The Capital Market Authority approved the request of Idarat for Telecommunications and Information Technology Company to increase its capital from SAR 50,400,000 to SAR 75,600,000 by granting one bonus share for every two existing shares held by shareholders registered at the Depository Center at the end of the second trading day following the eligibility date. The capital increase will be funded by transferring SAR 25,200,000 from retained earnings, raising the share count from 5,040,000 to 7,560,000 shares, an increase of 2,520,000 shares. The extraordinary general assembly must convene within six months of this approval, and the company must complete related regulatory procedures.

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