DRC Assembly approves 75% capital boost

Digital Research Company (DRC) has approved a 75% increase in its capital by distributing free shares to shareholders, raising the capital by 12.66 million Riyals to reach 29.53 million Riyals. This will be executed through the issuance of 1.27 million shares, with three shares issued for every four existing shares. This decision was made during the extraordinary general assembly meeting, which was attended by 51.98% of the shareholders. The shareholders also approved the board of directors' report and the financial statements, as well as the appointment of a new auditor and the relevant amendments to the company's bylaws.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article