Ash-Sharqiyah submits capital increase file to CMA

05/09/2021 Argaam

Ash-Sharqiyah Development’s logo


Ash-Sharqiyah Development Co. submitted, on Sept. 2, the file to increase its capital through rights issue to the Capital Market Authority (CMA) for approval, according to a bourse filing.

 

Any further developments in this regard will be announced in due course, the firm said.

 

In December 2020, Ash-Sharqiyah’s board of directors recommended a capital increase through a rights issue of SAR 225 million, Argaam earlier reported.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

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.