WSM seeks to raise its capital to SAR 28.60 million, through bonus issue
WSM for Information Technology Co.’s shareholders will discuss the board’s recommendation to increase capital, during the extraordinary general meeting (EGM) scheduled for Dec. 17, according to a statement to Tadawul. 
The company seeks to raise its capital by 33.33% from SAR 21.45 million to SAR 28.60 million, through issuing bonus shares.
Details of Capital Increase
Current Capital
SAR 21.45 mln
Number of Shares
2.15 mln
New Capital
SAR 28.60 mln
Number of Shares
2.86 mln
Percentage
33.33% (one bonus share for each three existing shares)
Reasons
Support strategic growth plan, future expansion needs, as well as the company’sfinancial adequacy and solid financial position
Method
Capitalizing SAR 7.15 mln from retained earnings
Record Date
Dec. 17, 2025, shareholders of record and those registered with Edaaby the end of thesecond trading day following therecorddate
Shareholders will also discuss amending Article 27, related to the board’s additional authorities. They will vote on the participation of board member Adel Al-Mansour in a business competing with the company’s activities.
WSM seeks to raise its capital to SAR 28.60 million, through bonus issue
WSM for Information Technology Co.’s shareholders will discuss the board’s recommendation to increase capital, during the extraordinary general meeting (EGM) scheduled for Dec. 17, according to a statement to Tadawul.
The company seeks to raise its capital by 33.33% from SAR 21.45 million to SAR 28.60 million, through issuing bonus shares.
Details of Capital Increase
Current Capital
SAR 21.45 mln
Number of Shares
2.15 mln
New Capital
SAR 28.60 mln
Number of Shares
2.86 mln
Percentage
33.33% (one bonus share for each three existing shares)
Reasons
Support strategic growth plan, future expansion needs, as well as the company’sfinancial adequacy and solid financial position
Method
Capitalizing SAR 7.15 mln from retained earnings
Record Date
Dec. 17, 2025, shareholders of record and those registered with Edaaby the end of thesecond trading day following therecorddate
Shareholders will also discuss amending Article 27, related to the board’s additional authorities. They will vote on the participation of board member Adel Al-Mansour in a business competing with the company’s activities.
