18 Days
Source:
مباشر
Asq shareholders approve full capital raise
Al Asek Plastic Factory ("Asek") has announced an invitation to its shareholders to participate in the extraordinary general assembly meeting scheduled for August 9, 2026. The meeting will discuss and vote on a 100% capital increase through the distribution of free shares. This increase will raise the share capital from 70.5 million SAR to 141 million SAR, by granting one free share for each share owned by a shareholder, with the entitlement rights and procedures for handling fractional shares specified. The agenda also includes amendments to the company's Articles of Incorporation to align with the capital increase, as well as changes to the authorities of the chairman and members of the board of directors. The purpose of the increase is to support the company's growth and strengthen its financial position.
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