Solutions shareholders approve full capital increase
The Arab Company for Internet and Communications Services "Solutions" announced its approval to increase its capital by 100%, from 1.2 billion riyals to 2.4 billion riyals, through granting free shares to its shareholders. The retained earnings amounting to 1.2 billion riyals will be used to implement the increase, where each shareholder will receive one free share for every share they own. The new shares will be added to shareholders' portfolios before trading begins on October 11, 2026. This move aims to support the company's expansion and growth plan in the information technology sector in Saudi Arabia and the region, while enhancing its revenues and diversifying its investments.
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