‎Purity approves 33.3% capital hike via bonus shares

‎Purity approves 33.3% capital hike via bonus shares ‎Purity approves 33.3% capital hike via bonus shares

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Logo ofPurity for Information Technology Co. (Purity Tech)

Shareholders of Purity for Information Technology Co. approved the board recommendation to increase the company’s capital by 33.3%, via granting one bonus share for every three shares held by shareholders.

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The approval came during the extraordinary general meeting (EGM) held on Sept. 22, Purity said in a statement to Tadawul.

Details of Capital Increase

Current Capital

SAR 15 mln

No. of Shares

15 mln

Percentage

33.3% (one-for-three bonus issue)

New Capital

SAR 20 mln

New No. of Shares

20 mln

Method

Bonus share distribution

Reserve Nature Value

Capitalizing SAR 5 mln from retained earnings

Record Date

Sept. 22, 2026, including shareholders registered with Edaaby the end of thesecond trading day following therecorddate

Reason

Supporting the company’s strategic growth plan, meeting future expansion needs, and reinforcingits financial position

In case of fractional shares, they will be aggregated into a single portfolio for all shareholders, sold at market price, and the proceeds distributed among eligible shareholders according to their respective entitlements within no more than 30 days from the date the shares due to each shareholder are determined.

 

Logo ofPurity for Information Technology Co. (Purity Tech)

Shareholders of Purity for Information Technology Co. approved the board recommendation to increase the company’s capital by 33.3%, via granting one bonus share for every three shares held by shareholders.

The approval came during the extraordinary general meeting (EGM) held on Sept. 22, Purity said in a statement to Tadawul.

Details of Capital Increase

Current Capital

SAR 15 mln

No. of Shares

15 mln

Percentage

33.3% (one-for-three bonus issue)

New Capital

SAR 20 mln

New No. of Shares

20 mln

Method

Bonus share distribution

Reserve Nature Value

Capitalizing SAR 5 mln from retained earnings

Record Date

Sept. 22, 2026, including shareholders registered with Edaaby the end of thesecond trading day following therecorddate

Reason

Supporting the company’s strategic growth plan, meeting future expansion needs, and reinforcingits financial position

In case of fractional shares, they will be aggregated into a single portfolio for all shareholders, sold at market price, and the proceeds distributed among eligible shareholders according to their respective entitlements within no more than 30 days from the date the shares due to each shareholder are determined.

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