Development Works Food names Yaqeen Capital as financial advisor for rights issue

13/02/2024 Argaam
Logo ofDevelopment Works Food Co. (DWF)

Logo of Development Works Food Co. (DWF)

Development Works Food Co. appointed today, Feb. 13, Yaqeen Capital as a financial advisor to manage the subscription of its rights shares.

 

In a statement to Tadawul, the company said it will provide an update upon submission of the capital increase file to the Capital Market Authority (CMA), and will disclose any future developments in this regard.

 

According to data compiled by Argaam, Development Works Food’s board of directors recommended increasing the company’s capital via a SAR 90 million rights issue in January.

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