| Introduction | WSM for Information Technology Co. announces the Board of Directors' decision dated 29/10/2025 to recommend to the Extraordinary General Assembly to increase the Company's capital by granting bonus shares through the capitalization of an amount of (7,150,000) seven million and one hundred and fifty thousand riyals from the retained profits account by granting (1) bonus share for every (3) shares owned by the shareholders |
| Date of Board Meeting | 2025-10-29 Corresponding to 1447-05-07 |
| Capital before increase | 21,450,000 |
| Capital after increase | 28,600,000 |
| Percentage of Capital increase | 33.33 % |
| Number of shares before Capital increase | 2145000 |
| Number of shares after Capital increase | 2860000 |
| Reasons for the increase | The company's capital increase aims to strengthen its strategic growth plan, future expansion needs and aspirations, and to emphasize its financial adequacy and strong financial position. |
| Number of Shares Granted per Exiting Share | (1) shares will be granted to each shareholder who owns (3) shares. |
| Nature and Value of Reserves Used in the Capitalization | The increase will be made by capitalizing an amount of (7,150,000) seven million one hundred and fifty thousand riyals from the retained profits account. |
| Eligibility Date | Shareholders who own shares on the due date who are registered in the Issuer's Shareholders' Register at Edaa by the end of the second trading day following the due date. |
| Fractional Shares | In the event of fractional shares, the fractions will be aggregated into one portfolio for all shareholders and sold at the market price, and then their value will be distributed to the shareholders entitled to the grant, each according to his share, within a period not exceeding 30 days from the date of determining the shares entitled to each shareholder. |
| Approvals | The grant is conditional on obtaining the approvals of the official authorities and the Extraordinary General Assembly on the increase in capital and the number of shares granted. |