Nomu: WSM goes ex-bonus today

Investors monitoring stock movements on Tadawul trading display

The record date for WSM for Information Technology Co.'s bonus shares ends today, Dec. 17, provided shareholders’ meeting is convened.

The Nomu-listed company seeks to increase its capital by 33.33% from SAR 21.45 million to SAR 28.60 million, through a 1:3 bonus share issue, by capitalizing SAR 7.15 million from the retained earnings account.

The process is intended to support strategic growth plans, future expansion needs, as well as the company's financial adequacy and solid financial position.