Naqwa GA approves 33.3% capital boost
Naguzi Information Technology Company intends to hold an extraordinary general assembly on September 22, 2026, to discuss increasing the company's capital by 33.33%, from 15 million riyals to 20 million riyals, through the distribution of free shares. One free share will be granted for every three shares owned. The objectives include voting on amendments to the company's bylaws, updating the members' compensation policy, as well as discussing agreements between the company and Al-Mazaya Comprehensive, along with expansion plans to include technological and consulting fields. The meeting will be held both in person and through remote voting, with a quorum requiring the presence of 50% of the capital for the meeting to be valid.
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