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Naqwa Assembly Approves Capital Boost
Nagaweh Information Technology Company announced its invitation to its shareholders to attend the Extraordinary General Assembly meeting on September 22, 2026, to discuss a capital increase of 33.33%, from 15 million SAR to 20 million SAR, through the issuance of free shares. One share will be granted for every three shares owned, with eligibility for shareholders registered in the share register at the close of the second trading day after the record date. The agenda also includes voting on amendments to the company's bylaws, updates to reward policies, and expanding the company's activities to include additional technology sectors, all while ensuring compliance with market laws and transparency in contracts with external parties. The assembly will be held in person in Riyadh, with remote voting options available. The legal quorum will be met through the participation of a certain percentage of shareholders.
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