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Learning Academy Share Capital Grows
The Saudi Capital Market Authority has approved an increase in the share capital of Al-Talim Academy from 135 million SAR to 157.5 million SAR, representing an approximate increase of 16.6%. The increase will be carried out through the distribution of free shares to the company's shareholders, where each shareholder will receive one free share for every six shares they own, using retained earnings amounting to 22.5 million SAR. The increase will be implemented after obtaining approval from the Extraordinary General Assembly, within a period not exceeding six months from the date of the decision. The goal is to enhance the company’s financial strength and broaden its shareholder base, while ensuring the protection of shareholders' rights and the transparency of procedures.
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