Saudi Arabia's Capital Market Authority has approved Edarat Communication and Information Technology Company’s request to increase its capital from SAR 50.4 million to SAR 75.6 million through a bonus share issue of one new share for every two existing shares. The increase will be funded by transferring SAR 25.2 million from retained earnings to capital, raising the company’s outstanding shares from 5.04 million to 7.56 million. The bonus shares will be allocated to shareholders registered in the shareholders registry at the Securities Depository Center at the close of the second trading day after the due date, which will be set later by the company’s board. The extraordinary general assembly must be held within six months of the approval, and the company must meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2026-05-10
Saudi Arabia's Capital Market Authority approves Edarat Communication capital increase through 1 for 2 bonus share issue
The Saudi Arabia Capital Markets Authority approved Edarat Communication and Information Technology Company’s capital increase from SAR 50.4 million to SAR 75.6 million via a bonus issue of one new share for every two existing shares, funded by transferring SAR 25.2 million from retained earnings. Outstanding shares will rise from 5.04 million to 7.56 million, with bonus shares allocated to shareholders registered at the Securities Depository Center on the second trading day after a due date set by the board, subject to an extraordinary general assembly and regulatory compliance.