18 Hrs
Source:
مباشر
Rapid Solutions GA Approves Capital Rise
The extraordinary general assembly of Al-Halool Al-Motasarra'a for Communications and Information Technology approved a 100% capital increase, bringing the total to 56 million SAR. This will be achieved by granting free shares to shareholders, at a rate of one free share for every existing share. The increase will be financed by capitalizing 28 million SAR from retained earnings. Additionally, the assembly decided to add a new clause regarding the purchase and sale of shares and the employee stock program, and authorized the board of directors to purchase up to one million shares to be held as treasury stock for implementing the employee stock plan. The financing for this will come from internal resources over 18 months. The aim of this increase is to strengthen the company's financial position and support its future expansion and growth plans.
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