Riyadh – Mubasher: Emaar The Economic City has invited its shareholders to participate and vote in the ordinary general meeting (OGM), which will be held on Monday, 22 June, using the Tadawulaty system.
The shareholders will vote on the transactions and contracts concluded between the company and the Public Investment Fund (PIF) regarding an amendment and restatement agreement to the existing shareholder loan agreement for an additional convertible loan amounting to SAR 1 billion.
On 22 December 2025, the shareholders approved increasing the share capital and amending the bylaws of the company from SAR 5.23 billion to SAR 8.82 billion.
Accordingly, PIF increased its shareholding in the company through the issuance of 359.66 million new shares, at the nominal value of SAR 10 per share, against the debt amount of SAR 4.11 billion.
On 18 March 2025, the group and PIF signed a shareholder loan agreement amounting to SAR 1 billion.
During the full year, a total of SAR 500 million has been drawn from this facility, while the management plans to use the remaining portion to fund critical development capital expenditures.
