Al-Omran Industrial submits request for capital increase via rights issue to CMA

Logo of Al-Omran Industrial Trading Co.

Al-Omran Industrial Trading Co. submitted yesterday, Dec. 11, a request to the Capital Market Authority (CMA) to increase its capital through a rights issue worth SAR 60 million.

 

It said, in a statement to Tadawul, that it will announce any future developments in this regard in due course.

 

Last August, the company's board of directors recommended to increase the company's capital by offering a SAR 60 million rights issue.

 

The capital top-up is aimed to support the company’s plans, reduce leverage, and develop its factories.

 

In September, Al-Omran  appointed Alinma Investment Co. as financial advisor to manage its rights issue.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Al-Omran appoints Alinma Investment as financial advisor for rights issue
Al-Omran Industrial’s board recommends capital top-up via SAR 60 mln rights issue

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request