Wasra shareholders approve capital raise plan
Shareholders of Wafa Factories for Industry and Development approved the modification of the use of proceeds from the capital increase in line with the company's operational developments and investment priorities. This approval was given during the Ordinary General Assembly meeting, which was attended with a 33.55% turnout. Additionally, the 2025 financial statements were approved, along with the appointment of an external auditor to review the financial statements for the second, third, and fourth quarters of 2026, as well as the first quarter of 2027, for a fee of 370,000 SAR. The aim of these adjustments is to improve financial resource management and support the company's future plans.
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