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Addis Board Proposes Capital Doubling
The Board of Directors of Addis Holding Company has proposed a 100% capital increase through the distribution of bonus shares, raising the total from 1.129 billion riyals to 2.258 billion riyals. This step aims to finance expansion plans and strengthen the financial structure in line with the company's strategy in the energy sector. Free shares will be allotted to shareholders based on their holdings at the end of the second trading day after the extraordinary general assembly meeting, with the goal of enhancing returns and supporting the company’s future growth.
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