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Knowledge Net Co.'s Capital Increase Request Gets Regulatory Nod

MT Newswires·12/22/2025 23:29:38
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11:29 PM EST, 12/22/2025 (MT Newswires) -- Knowledge Net Co. (SASE:9561) secured the Saudi Arabia's Capital Market Authority's approval to increase its capital through the issuance of one bonus share for every two existing shares held by shareholders. The software developer aims to increase its capital to 52.5 million Saudi riyals from 35 million riyals through the transfer of 17.5 million riyals from the retained earnings account, according to a Monday release. The regulator added that the company will convene its extraordinary general assembly within the next six months to satisfy regulatory and legal requirements.