Follow-ups -eshrag News:
Thu, 2022-06-23 12:32
RIYADH: Saudi Al Moammar Information Systems Co. has received approval from its shareholders to increase capital by 20 percent through the issuance of bonus shares.
According to a bourse filing, MIS’ board had earlier recommended boosting capital from SR250 million ($67 million) to SR300 million “to enhance the company’s resources.”
The information technology firm also noted that the capital plan comes in a bid to achieve high growth rates over the coming years.
Business & Economy
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