On June 18, 2026, Al Rashid Industrial Co. announced the results of its Extraordinary General Assembly meeting held on June 17, 2026, with 86.72% shareholder attendance. The meeting approved a 50% capital increase from SAR 80 million to SAR 120 million through bonus share issuance, funded by capitalizing SAR 40 million from retained earnings at a ratio of one bonus share for every two shares held. The assembly also elected five board members for a three-year term from July 2, 2026 to July 1, 2029, and approved various governance amendments and committee charters.

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