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Solution shareholders approve doubling capital
Solution Company has decided to double its capital from 1.2 billion riyals to 2.4 billion riyals by granting free shares to its shareholders, in order to support expansion and growth in the information technology sector within the Kingdom and the region. The increase will be funded by capitalizing retained earnings of 1.2 billion riyals, with every shareholder receiving one free share for each share they hold at the time of entitlement. An approach has been organized to account for fractional shares and to distribute their value among shareholders. Shareholders who are registered at the end of trading on the date of the extraordinary general assembly will be entitled to the bonus.
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