Al Sorayai submits capital hike request to CMA

13/10/2019 Argaam

 

Al Sorayai Trading and Industrial Group Co. submitted on Friday a request to increase capital through a rights issue to the Capital Market Authority (CMA), the company said in a bourse statement. 

 

Any updates in this regard will be announced in a timely manner, the statement added.

 

The company’s board of directors previously recommended a SAR 112.66 million capital hike through a rights issue, according to data available on Argaam.

 

In August, Al Sorayai’s shareholders approved a 70.89 percent capital cut to SAR 65.5 million from SAR 225 million to offset accumulated losses.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.