Riyadh – Mubasher: Maharah Human Resources Company has officially announced the commencement of electronic voting for its upcoming Extraordinary General Assembly meeting (EGM), where shareholders will deliberate on a proposed increase in the capital.

The voting process began on 25 June 2026, ahead of the scheduled assembly meeting set to take place in Riyadh on 29 June 2026, according to a bourse filing.

This move marks a significant step in the company’s corporate governance cycle as it seeks shareholder approval for structural financial changes through both physical and digital participation channels.

The follow-up announcement refers to the initial invitation issued on 3 June 2026 regarding the EGM. The primary item on the assembly's agenda is the review and approval of an increase in the company’s share capital, a strategic measure intended to bolster the firm's financial position.

Meanwhile, the e-voting facility will remain accessible to all registered shareholders until the conclusion of the general assembly meeting.

Maharah emphasized that registration and voting through the Tadawulaty service are provided free of charge to ensure maximum shareholder participation and transparency in the decision-making process.

The EGM is scheduled to convene for its first meeting on 29 June, and to accommodate a broad range of investors, the company adopted a hybrid meeting format. Shareholders may attend in person at the company’s headquarters in Riyadh or participate remotely through modern technological means. This dual-access approach is consistent with current regulatory trends in the Saudi capital market, which prioritize accessibility and the digital transformation of investor relations.

The proposed capital increase represents the focal point of the meeting. While the disclosure focuses on the procedural aspects of the vote, such increases typically involve the issuance of bonus shares or rights issues to fund expansion or restructure debt.

Shareholders are encouraged to review the specific agenda items detailed in the previous invitation to understand the full scope of the capital adjustment and its potential impact on their holdings.

The outcome of the EGM will be contingent upon reaching the required legal quorum. Should the first meeting fail to meet this quorum, subsequent calls for a second meeting will be issued in accordance with the Saudi Companies Law and the company’s bylaws.

Following the conclusion of the meeting and the final tally of votes, Maharah is expected to announce the results of the assembly and the status of the capital increase through the Tadawul platform.

In May 2026, the Capital Market Authority (CMA) of Saudi Arabia ratified Maharah’s request to increase its capital from SAR 475 million to SAR 600 million through bonus shares.