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Idarat shareholders approve 50% capital rise
The Extraordinary General Assembly of Edarat Communications and Information Technology Company approved a 50% increase in the company's capital, raising it from 50.4 million riyals to 75.6 million riyals by granting free shares at a rate of one share for every two shares held. The total number of shares was increased from 5.04 million to 7.56 million shares. Additionally, approval was denied for the validation of contracts with related parties valued at over 83.6 million riyals. The financial and supervisory statements for the fiscal year 2025 were approved, along with the distribution of bonuses and the update of the company's internal policies.
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