Edarat shareholders OK 50% capital increase via bonus shares

The logo of Edarat is pictured as shareholders approved a one-for-two bonus share distribution

Edarat Communication and Information Technology Co. said its shareholders approved a board recommendation to increase capital by 50% through capitalizing SAR 25.2 million from retained earnings.

Shareholders made their decision during an extraordinary general meeting (EGM) on June 14, according to a statement to Tadawul. The capital increase will be implemented through a one-for-two bonus share distribution.

Fractional shares, if any, will be collected in a single portfolio and sold at market price. Proceeds will be distributed to eligible shareholders pro rata within 30 days maximum.

Shareholders also authorized the board to distribute interim dividends on a semiannual or quarterly basis for 2026.

The share price fluctuation limit was calculated based on a price of SAR 269.40 as of June 15, with all outstanding orders being cancelled, according to Tadawul.

The Securities Depository Center Co. (Edaa) will add the bonus shares to shareholders’ portfolios before the start of trading on June 17, 2026.