Al Naqool appoints Falcom as financial advisor to manage rights issue

17/11/2021 Argaam

 

Logo of Mohammed Hasan Al Naqool Sons Co.

Mohammed Hasan Al Naqool Sons Co. appointed Falcom Financial Services Co. as financial advisor for its rights issue, according to the decision of the company’s board of directors dated Nov. 17.  

 

According to a bourse filing, the company added that it will disclose any development in due course, once it submits the capital hike request to the Capital Market Authority (CMA).  

 

On Nov. 9, Al Naqool's board of directors approved to raise capital through SAR 58 million rights issue, according to data compiled by Argaam.

 

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