On June 15, 2026, Edarat Communication and Information Technology Co. (EDARAT) announced the results of its Extraordinary General Assembly meeting held on June 14, 2026, with 62.56% shareholder attendance. The assembly approved a 50% capital increase from SAR 50,400,000 to SAR 75,600,000 through bonus share issuance, capitalizing SAR 25,200,000 from retained earnings by granting one free share for every two existing shares. The meeting also approved board remuneration of SAR 750,000 for 2025, appointed Ibrahim Ahmed Al-Bassam & Partners as external auditor for 2026-2027 with fees of SAR 400,000, and approved various governance policies. However, several related-party transactions totaling over SAR 85 million were not approved, with the assembly granting a six-month period to rectify compliance issues.

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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.