On April 13, 2026, Arabian Internet and Communications Services Company (solutions) announced its Board of Directors' recommendation from April 12, 2026, to increase the company's capital by 100% through bonus share issuance. The capital increase will raise the company's capital from SAR 1.2 billion to SAR 2.4 billion by capitalizing SAR 1.2 billion from retained earnings, with shareholders receiving one bonus share for each existing share owned. The initiative aims to support the company's growth and expansion strategy while maximizing shareholder returns through increased investments and capturing growth opportunities in the IT sector across Saudi Arabia and the region. The proposal remains subject to approval from relevant authorities and the Extraordinary General Assembly.

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.