Al Khodari solicits consent for capital hike

22/02/2018 Argaam

 

Abdullah A. M. Al Khodari Sons Co. submitted on Thursday a capital increase request to the Capital Market Authority (CMA), the Kingdom's market regulator, to clear liabilities, the company .

 

Earlier this week, the company's board ratified a request to increase capital to SAR 458 million by issue of new shares to clear liabilities to suppliers and major shareholder, Abdullah A.M. Al Khodari Sons Investment Holding Company, Argaam reported.

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