Etihad Atheeb appoints Alkhair Capital as rights issue underwriter, lead manager

18/10/2022 Argaam
Logo of Etihad Atheeb Telecommunication Co.

Logo of Etihad Atheeb Telecommunication Co.

Etihad Atheeb Telecommunication Co.'s (GO) board of directors approved today, Oct. 18, appointing Alkhair Capital as the underwriter and lead manager for its rights issue and AlJazira Capital as financial advisor, according to a Tadawul statement.  

 

On Oct. 13, the board approved changing its recommendation to increase capital through a rights issue to SAR 250 million from SAR 350 million, according to data available with Argaam.

 

Last December, the board approved a SAR 350 million rights issue.

 

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