Logo ofWSM for Information Technology Co.
WSM for Information Technology Co.’s board of directors recommended on Feb. 9 a capital increase by 10%, or SAR 1.95 million, from SAR 19.5 million to SAR 21.45 million, according to a statement to Tadawul. 
Capital Increase Details
Current Capital
SAR 19.50 mln
Number of Shares
1.95 mln
New Capital
SAR 21.45 mln
Number of Shares
2.145 mln
Percentage of Increase
10%
Purpose
Employee shares program
Method
Through capitalizing SAR 1.95 million from the retained earnings by issuing 195,000 new shares.
The capital increase will be allocated to the employee stock ownership plan (ESOP) to enhance employee loyalty. This program also aims to attract top talents and achieve solid growth rates in line with the company’s expansion strategy.
The capital increase is subject to the necessary approvals from regulatory authorities and the company’s general meeting.
Logo ofWSM for Information Technology Co.
WSM for Information Technology Co.’s board of directors recommended on Feb. 9 a capital increase by 10%, or SAR 1.95 million, from SAR 19.5 million to SAR 21.45 million, according to a statement to Tadawul.
Capital Increase Details
Current Capital
SAR 19.50 mln
Number of Shares
1.95 mln
New Capital
SAR 21.45 mln
Number of Shares
2.145 mln
Percentage of Increase
10%
Purpose
Employee shares program
Method
Through capitalizing SAR 1.95 million from the retained earnings by issuing 195,000 new shares.
The capital increase will be allocated to the employee stock ownership plan (ESOP) to enhance employee loyalty. This program also aims to attract top talents and achieve solid growth rates in line with the company’s expansion strategy.
The capital increase is subject to the necessary approvals from regulatory authorities and the company’s general meeting.
