CMA approves Al Akaria’s SAR 1.593 bln rights issue

20/04/2022 Argaam
Logo ofAl Akaria

Logo of Al Akaria

The Capital Market Authority (CMA) approved an application from Saudi Real Estate Co. (Al Akaria) to raise its capital through SAR 1.593 billion rights issue.

 

Shareholders of record at the Securities Depository Center (Edaa) by the close of the second trading day after the extraordinary general meeting (EGM) will be eligible for the rights issue, the authority said in a statement.

 

In December 2021, Al Akaria’s board of directors approved amending the recommendation on increasing capital to SAR 1.593 billion from SAR 1.6 billion, Argaam earlier reported.

 

 

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