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The Capital Market Authority approves the capital increase request for Rasan Information Technology Company through Capitalisation Issue

The CMA has issued its resolution approving Rasan Information Technology Company's request to increase its capital from SAR (75,800,000) to SAR (77,507,000) through capitalisation issue, such increase will be paid by transferring an amount of SAR (1,707,000) from “Retained earnings" account to the Company's capital. Consequently, increasing the Company's outstanding shares from (75,800,000) shares to (77,507,000) shares, by an increase of (1,707,000) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.​​