EDARAT Calls Shareholder Meeting for 50% Capital Increase

EDARAT

EDARAT

9557.SA

0.00

Edarat Communication and Information Technology Co. (EDARAT) announced on May 20, 2026 that it will hold an Extraordinary General Assembly Meeting on June 14, 2026 at 20:30 via modern technology means through the Tadawulaty platform. The primary agenda item involves voting on a capital increase from SAR 50,400,000 to SAR 75,600,000 through the distribution of bonus shares, representing a 50% increase by capitalizing SAR 25,200,000 from retained earnings and granting one share for every two shares held. The meeting will also address amendments to the company's Articles of Association, authorization for the Board to distribute interim dividends for 2026, approval of Board remuneration of SAR 750,000 for 2025, and various related-party transactions including services with Al Moammar Information Systems Company totaling SAR 77,551,462 and SAR 6,088,868 respectively.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95571&anCat=1&cs=9557&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/14617_3884_2026-05-20_14-08-07_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/14617_3884_2026-05-20_14-09-34_en.pdf

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.