Edarat GA approves company authorized capital amendment to SAR 50 million

Edarat’s board of directors announced the results of the extraordinary general assembly meeting (first meeting) held on October 15, 2023.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

1-Approval on determining the company’s authorized capital according to the following:

The authorized capital after amendment SAR 50 million.

There is no change in the number of company shares before and after the increase in the authorized capital.

Approving on Amending Article Seven (7) of the company’s bylaws relating to capital.

2. Approval on amending the company’s articles of association in accordance with the new Companies Law and reorganizing the articles of association and numbering them to conform to the proposed amendments.

3. Approving on the amendment of the Audit Committee’s Bylaws.