Element List	Explanation
Introduction	Arabian Internet and Communications Services Company (solutions) is pleased to announce its Board of Director’s resolution dated 12-04-2026 and corresponding to 24-10-1447 AH to recommend to the Extraordinary General Assembly to increase the company’s capital by 100% via granting bonus shares. Such increase will be via capitalizing SAR 1,200 million from the retained earnings. Each shareholder will be granted (1) one bonus share for each (1) one share owned by shareholders at the eligibility date.
Date of Board Meeting	2026-04-12 Corresponding to 1447-10-24
Capital before increase	SAR 1,200,000,000 (One billion two hundred million Saudi Riyals)
Capital after increase	SAR 2,400,000,000 (Two billion four hundred million Saudi Riyals)
Percentage of Capital increase	100 %
Number of shares before Capital increase	120000000
Number of shares after Capital increase	240000000
Reasons for the increase	The increase in solutions capital will support achieving its growth and expansion strategy along with maximizing its shareholders’ return through increasing and diversifying solutions investments and seizing the expected growth opportunities in the IT sector in the Kingdom of Saudi Arabia and the region.
Number of Shares Granted per Exiting Share	Granting (1) one share for each (1) one share.
Nature and Value of Reserves Used in the Capitalization	The increase will be through capitalizing SAR 1,200,000,000 (One Billion Two hundred million Saudi Riyals) from the retained earnings.
Eligibility Date	The eligibility date for the bonus shares for the company’s shareholders registered with the Securities Depository Center Company (Edaa) will be at the end of the second trading day following the date of the Extraordinary General Assembly meeting of the company that decides on the capital increase, which will be announced later.
Fractional Shares	In the event of fractional shares, the fractions will be collected in one portfolio for all shareholders and sold at the market price, then their value will be distributed to the shareholders entitled to the grant, each according to their share, within a period not exceeding 30 days from the date of determining the new shares due to each shareholder.
Approvals	The proposed grant remains subject to obtaining necessary approvals from relevant authorities and Extraordinary General Assembly on the capital increase and number of granted shares.