On August 24, 2026, Amwaj International Co. published an update on the Saudi Exchange regarding its previously announced board recommendation to increase the company's capital from SAR 60,000,000 to SAR 80,000,000 through the issuance of bonus shares, originally announced on April 13, 2025. Following a reassessment of the latest annual financial statements and changes in the company's financial position, the Board of Directors determined that the balance of retained earnings available for capitalization is no longer sufficient to implement the proposed capital increase. Accordingly, on August 23, 2026, the Board resolved to cancel its previous recommendation to increase the capital via the capitalization of SAR 20,000,000 from retained earnings.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.