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ABICO General Assembly Considers 36% Capital Increase
The Board of Directors of Arab Plastic Industries Company (APICO) will invite the company's shareholders to participate in the Extraordinary General Assembly meeting on September 3, 2026, to discuss a capital increase of 36%, from 75 million SAR to 102 million SAR, through the distribution of free shares. This is aimed at supporting future expansion and strengthening the financial position. The proposals include granting one free share for every three shares owned, as well as allocating treasury shares for an employee incentive program, along with amending the bylaws and updating the compensation policy. The voting process will be conducted electronically starting August 30, 2026. A minimum attendance of shareholders representing at least half of the capital is required for the meeting to be valid, with the possibility of convening a second meeting if the quorum is not met.
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