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Naqool shareholders to decide on capital increase
The Abnaa Mohammed Hassan Naguool Company has announced an invitation to its shareholders to vote on increasing the company's capital by 100%, from 29 million SAR to 58 million SAR, through the distribution of bonus shares. The goal is to strengthen financial stability and support future expansion plans. This will be achieved by capitalizing 29 million SAR from retained earnings, with a defined mechanism for handling fractional shares, and updating the company's bylaws to align with the new capital changes. The meeting is scheduled for July 27, 2026, and the agenda also includes amendments to certain articles of the bylaws, as well as expanding the company's authority to purchase and sell its shares and engage with subsidiary companies.
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