Edarat to vote on 100% capital increase on April 16

25/03/2024 Argaam
Logo ofEdarat Communication and Information Technology Co.

Logo of Edarat Communication and Information Technology Co.

Shareholders of Edarat Communication and Information Technology Co. will vote on a 100% capital increase from SAR 12.6 million to SAR 25.2 million, during the extraordinary general meeting (EGM), slated for April 16, 2024, according to a statement to Tadawul.

 

This increase will be through capitalizing SAR 12.6 million from the retained earnings, by 1-for-1 bonus share distribution, the statement added.

 

The move aims to strengthen the capital base and implement the future activities, which will boost the company’s growth.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.