Al-Rashid Industry shareholders approve 50% capital boost
Al-Rashid Industrial Company approved a 50% increase in its capital by granting free shares to shareholders, through capitalizing 40 million riyals from retained earnings. This raises the company's capital to 120 million riyals and the total number of shares to 12 million. Additionally, the approval included amending the company's financial system, appointing a new auditor, signing contracts with related parties, distributing bonuses, and conducting new elections for the board of directors.
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