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Market Authority approves Cineomy capital increase
The Capital Market Authority approved an increase in Synomi Centers' capital from 4.75 billion SAR to 5.176 billion SAR by granting one free share for every 12 existing shares to shareholders, in order to utilize 426.59 million SAR from retained earnings. The timeframe for scheduling the extraordinary general assemblies will be reduced to 6 months from the date of approval to ensure the necessary regulatory procedures are carried out.
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