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Asec shareholders approve full capital increase
Alasq Plastic Factory Company ("Alasq") announced an invitation to its shareholders to participate in the extraordinary general assembly meeting scheduled for August 9, 2026, to vote on a capital increase of 100% through the distribution of free shares. The capital will be increased from 70.5 million SAR to 141 million SAR by capitalizing 23.897 million SAR from issuance premiums and 46.6 million SAR from retained earnings, with one free share offered for each share owned by the shareholder. The decisions include amendments to certain articles of the company's bylaws concerning capital and authorities, aiming to support the company's growth, expansion, and strengthen its financial position.
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