Rapid Solutions Reviews Capital and Stock Program
Alhulul Al-Mutasara'a for Communications and Information Technology announced its invitation to its shareholders to attend the extraordinary general assembly meeting on October 13, 2026, to discuss increasing the capital by 100%, from 28 million riyals to 56 million riyals, through the issuance of free shares. The meeting will also include voting on an employee stock program and the company's repurchase of its shares to hold as treasury stock. The company's goal is to strengthen its financial position and support expansion and growth plans in the communications and information technology sector, with the possibility of purchasing up to one million of its shares over 18 months, after amending its bylaws and financing the process from its own resources.
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