The extraordinary general assembly of Shazand Petrochemical Company was held on Wednesday, June 11, 2025, with the attendance of 84.1 percent of the natural and legal shareholders.
According to the agenda of the extraordinary general meeting, the proposed capital increase was approved by the general assembly, based on the proposal and approval of the Sharak Board of Directors regarding a 111 percent increase in the company’s capital from retained earnings in order to reform the organizational structure, prevent liquidity outflows, and utilize tax incentives.
It is worth noting that, with the decision of Sharak shareholders, the company’s capital increased from 8,064 billion rials to 17,000 billion rials.
