EDARAT Proposes 50% Capital Increase Through Bonus Shares
EDARAT 9557.SA | 388.20 | +2.64% |
On April 13, 2026, Edarat Communication and Information Technology Co. (EDARAT) announced that its Board of Directors recommended on April 12, 2026, to increase the company's capital by 50% through granting bonus shares to shareholders. The capital increase will raise the company's capital from SAR 50,400,000 to SAR 75,600,000, funded through the capitalization of SAR 25,200,000 in retained earnings. Shareholders will receive one bonus share for every two existing shares held, increasing the total share count from 5,040,000 to 7,560,000 shares. The capital increase aims to strengthen the company's capital base and support future growth and expansion plans, subject to approval from competent authorities and the Extraordinary General Assembly.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94355&anCat=1&cs=9557&locale=arImportant 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.
