Batic shareholders to vote on capital hike via SAR 300 mln rights issue on Dec. 6

14/11/2021 Argaam

Logo of Batic Investments and Logistics Co.

Batic Investments and Logistics Co.'s shareholders will vote on increasing the company's capital through a SAR 300 million rights issue, during an extraordinary general assembly meeting on Dec. 6, according to a bourse filing.

 

The increase will be limited to shareholders who are registered with Security Depository Centre (Edaa) as of the close of trading on the second trading day after the extraordinary general meeting (EGM) date, which will be determined by the company's board of directors later.

 

The company's board of directors approved in April, a 100% capital increase through SAR 300 million rights issue to SAR 600 million, Argaam reported.

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