‎Purity EGM to vote on 33.3% capital hike via bonus issue on Sept. 22

‎Purity EGM to vote on 33.3% capital hike via bonus issue on Sept. 22 ‎Purity EGM to vote on 33.3% capital hike via bonus issue on Sept. 22

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Logo of Purity for Information Technology Co. (Purity Tech)

Purity for Information Technology Co. said its shareholders will vote on the board’s proposal to increase capital during the extraordinary general meeting (EGM) scheduled for Sept. 22, according to aTadawulstatement.

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Shareholders will also vote on increasing capital by 33.3% via a 1-for-3 bonus issue.

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

Reasons

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

Any fractional shares will be aggregated into a single portfolio for all shareholders and sold at market price, with the proceeds distributed pro rata to eligible shareholders within a period not exceeding 30 days.

 

Logo of Purity for Information Technology Co. (Purity Tech)

Purity for Information Technology Co. said its shareholders will vote on the board’s proposal to increase capital during the extraordinary general meeting (EGM) scheduled for Sept. 22, according to aTadawulstatement.

Shareholders will also vote on increasing capital by 33.3% via a 1-for-3 bonus issue.

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

Reasons

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

Any fractional shares will be aggregated into a single portfolio for all shareholders and sold at market price, with the proceeds distributed pro rata to eligible shareholders within a period not exceeding 30 days.

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