The Saudi Arabia Capital Markets Authority has approved WSM for Information Technology Company’s request to increase its capital from SAR 19.5 million to SAR 21.45 million through a capitalisation issue funded from retained earnings. The increase will be effected by transferring SAR 1.95 million from the company’s retained earnings account to share capital, raising outstanding shares from 1,950,000 to 2,145,000 through the issuance of 195,000 additional shares. The company must hold an extraordinary general assembly within six months of the approval and comply with all applicable regulatory requirements and laws.
Saudi Arabia Capital Markets Authority 2025-03-10
Saudi Arabia Capital Markets Authority approves WSM for Information Technology capital increase via capitalisation issue
The Saudi Arabia Capital Markets Authority approved WSM for Information Technology Company's capital increase from SAR 19.5 million to SAR 21.45 million via a capitalisation issue funded from retained earnings. This involves transferring SAR 1.95 million from retained earnings to share capital, issuing 195,000 additional shares. The company must convene an extraordinary general assembly within six months and adhere to all regulatory requirements.