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VITZ Shareholders Double Company Capital Using Retained Earnings

Sahmino Newsroom | 1 November 2026 | 11 days ago

VITZup3.0%4,150rials11 November

Shareholders of VITZ approved a 100% capital increase at an extraordinary general meeting on Saturday, October 31, 2026 (9 Aban 1405), with the resolution published on Codal on Sunday, November 1, 2026 (10 Aban 1405). Capital rises from 7,000,000 million rials to 14,000,000 million rials, and the entire 7,000,000 million rial increase comes from retained earnings.

The resolution raises the share count without requiring existing shareholders to contribute fresh cash to preserve their ownership percentage. It records approval by the assembly; formal registration of the new capital is a separate later step.

Reference:CodalThe original report

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