Purity gets CMA nod on 33.3% capital hike via bonus shares

Logo of Purity for Information Technology Co.

The Capital Market Authority (CMA) approved Purity for Information Technology Co.’s request to increase capital by 33.3%, from SAR 15 million to SAR 20 million, through a 1-for-3 bonus share issue.

Subscription eligibility will be limited to shareholders registered with the Security Depository Center (Edaa) as of the closing of the second trading day after the deciding extraordinary general meeting (EGM), the date for which is yet to be set by the company’s board of directors, according to a statement today, April 6.

The CMA said the planned capital hike will be paid by transferring SAR 5 million from the retained earnings account to the company's capital. Consequently, the company's outstanding shares will rise from 15 million to 20 million.

The EGM shall be held within six months from this approval date, and the company shall satisfy all regulatory requirements and applicable laws, the statement added.

According to data available by Argaam, in November 2025, Purity’s board of directors recommended a 33.3% capital increase through a 1-for-3 bonus share issue.