Alkhaleej Training board recommends capital hike via SAR 200 mln rights issue

30/03/2021 Argaam

A branch of Alkhaleej Training and Education Co.

Alkhaleej Training and Education Co.’s board of directors recommended today, March 30, 2021, increasing capital via a SAR 200 million rights issue.

 

The capital hike aims to finance and implement its future plans, expand its various activities, and acquire assets in the education field, the firm said in a bourse filing.

 

Shareholders holding shares on the date of the extraordinary general meeting (EGM), in which capital increase through the issuance of rights issues will be discussed, and whose names appear in the register of shareholders at the Securities Depository Center Co. (Edaa) at the end of the second trading day following the EGM date will be eligible for the offering.

 

The capital hike is subject to approvals from Saudi Central Bank (SAMA), Capital Market Authority (CMA), and other regulatory authorities, in addition to the EGM.

 

The insurer appointed Arab National Investment Co. (ANB Invest) as a financial advisor.

 

An announcement will be made in due course once the company submits the capital hike request for approval with the CMA.

 

For More IPOs

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.