Riyadh — Mubasher: Dar Almarkabah for Renting Cars Company (DS Rent) has invited its shareholders to an extraordinary general meeting (EGM) scheduled for 11 November to vote on a board recommendation to consolidate the company's shares.

The proposal aims to increase the nominal value per share from SAR 0.50 to SAR 10.

Under the proposed plan, the total number of issued shares will be reduced from 50 million to 2.50 million.

The company confirmed that its total capital will remain unchanged at SAR 25,000,000 following the consolidation process.

If approved, the adjustment will apply to all shareholders registered with the Securities Depository Center at the end of the second trading day following the meeting.

The meeting will be held virtually at 20:00 via modern technology platforms. Electronic voting is set to begin on the day of the assembly, 11 November 2026.

The board noted that the share price will be adjusted starting from the working day immediately following the meeting, with the new share count reflected in portfolios by the end of the second trading day after approval.