The Extraordinary General Assembly of Al-Muammar Information Systems (MIS), at its meeting held on Monday, agreed to the recommendation of the Board of Directors to increase the company's capital.

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The company said in a statement to the Saudi market (Tadawul) today, Tuesday, that the general assembly was held yesterday as the quorum of the meeting was completed at a rate of approximately 52.1%.

The General Assembly agreed to the first item regarding the recommendation of the Board of Directors to increase the company’s capital by 40 million riyals, by transferring this amount by capitalizing the amount of 40 million riyals from the reserve and retained earnings. .

It was agreed that the increase be made by granting (one share) free for every 4 shares, while working to amend Article No. (7) of the statute of the company for Ras the money. Likewise, approving the amendment of Article No. 8 of the Articles of Association of the company for subscription in shares.

The company clarified that the General Assembly approved the second clause related to the approval of amending Article No. 3 of the company's articles of association for the purposes of the company, as well as the third clause of approval to amend Article No. 21 From the articles of association of the company that have the powers of the council.