CHAP Shareholders Approve 79% Capital Increase From Retained Earnings

The extraordinary general meeting of CHAP on October 31, 2026 (9 Aban 1405) approved raising capital from 5,600 billion rials to 10,000 billion rials. The increase is 4,400 billion rials, about 79 percent of the prior capital, and the share count goes from 5.6 billion to 10 billion shares at a par value of 1,000 rials.

According to the meeting's summary of decisions on Codal, the entire increase is funded from retained earnings. There is no cash contribution, so it does not dilute holders, who receive new shares in proportion to their stake. The summary of decisions was posted on Codal on Monday, November 2, 2026 (11 Aban 1405); final registered capital is fixed after the legal steps are completed.