Logo of Edarat Communication and Information Technology Co.
Shareholders of Edarat Communication and Information Technology Co. will vote on a 100% capital increase from SAR 12.6 million to SAR 25.2 million, during the extraordinary general meeting (EGM), slated for April 16, 2024, according to a statement to Tadawul.
This increase will be through capitalizing SAR 12.6 million from the retained earnings, by 1-for-1 bonus share distribution, the statement added.
The move aims to strengthen the capital base and implement the future activities, which will boost the company’s growth.
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