| Element List |
Explanation |
| Introduction |
Edarat Communication and Information Technology Co. (EDARAT) is pleased to announce to its esteemed shareholders that the Capital Market Authority (CMA) has issued its decision on 24/09/1446H (corresponding to 24/03/2025G), approving the Company's request to increase its capital by capitalizing a portion of retained earnings through the issuance of 2,520,000 new shares, representing 100% of the Company's current capital. |
| Date of Announcing the Application on Saudi Exchange’s Website |
2024-12-08 Corresponding to 1446-06-07 |
| Date of Submitting the File |
2025-03-09 Corresponding to 1446-09-09 |
| Application Status at CMA |
On 24/09/1446H (corresponding to 24/03/2025G), the Capital Market Authority (CMA) issued its approval for the company's request to increase its capital by capitalizing a portion of retained earnings through the issuance of 2,520,000 new shares, representing 100% of the company's current capital. |
| Other Substantial Updates |
The company will complete the regulatory procedures required by the relevant authorities and prepare for the Extraordinary General Assembly meeting, which will be announced at a later date. |
| Additional Information |
The entitlement to the bonus shares will be granted to shareholders who own shares at the end of the trading day on which the Extraordinary General Assembly (EGA) for the capital increase is held. It will also apply to shareholders registered with the Securities Depository Center (Edaa) at the end of the second trading day following the EGA meeting. |
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