CMA approves Edarat request to raise capital to SAR 12.6 mln

06/04/2023 Argaam

The Capital Market Authority (CMA) approved Edarat Communications and Information Technology Co.’s (Edarat) request to top-up its capital from SAR 6 million to SAR 12.6 million.

 

In a statement to Tadawul, the company pointed out that the capital hike will be financed from capitalizing part of statutory reserve and retained earnings.

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