AYYAN seeks CMA’ approval on capital hike via rights issue

21/12/2023 Argaam
Logo of AYYAN Investment Co.

Logo of AYYAN Investment Co.

AYYAN Investment Co. submitted today, Dec. 21, a request to the Capital Market Authority (CMA) seeking its approval to increase the company’s capital via a right issue.

 

 

Alinma Investment Co. was appointed as the financial advisor to manage the capital hike, according to a statement to Tadawul.

 

Any future developments in this regard will be announced in due course, the statement added.

 

In August, AYYAN’s board of directors recommended increasing the company’s capital through a SAR 200 million rights offering, according to data available on Argaam.

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