Edaa implements securities increase for MIS

27/06/2022 Argaam
Logo ofAl Moammar Information Systems Co.

Logo of Al Moammar Information Systems Co.

The Securities Depository Center Co. (Edaa) implemented today, June 27, a securities quantity increase for Al Moammar Information Systems Co. (MIS) into the accounts of eligible shareholders, according to a bourse filing. 

 

MIS shareholders approved the board’s recommendation to increase capital from SAR 250 million to SAR 300 million through a one-for-five bonus share distribution, during the extraordinary general meeting (EGM) held on June 22, Argaam reported.

 

The capital increase was carried out through capitalizing SAR 50 million from reserves and retained earnings. 

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