The Capital Market Authority (CMA) approved Saudi Arabia Mining Company’s (Ma’aden) capital raise of SAR 5.6bn through a rights issue.

The number of shares to be issued and the issuance price are to be determined later in the extraordinary assembly meeting; the company said in its filing to Tadawul today.

According to Argaam’s data; Ma’aden’s board has recommended on May 15, 2014 a capital raise of SAR 5.6bn through a rights issue.

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