UACC uses rights issue proceeds to fund Q1 projects

23/04/2015 Argaam

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Um Al Qura Cement Co.)UACC) said in a bourse statement that it has used SAR 237.2 million of its rights issue proceeds to fund several projects up until the first quarter of 2015.

 

The original amount generated from the rights issue, which took place during April and May of last year, totaled SAR 275 million.

 

Offering costs reached SAR 9.4 million, and the remaining net cash amounted to SAR 28.44 million.

 

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