Alasmak names Falcom as financial advisor for its rights issue

23/04/2019 Argaam

 

Saudi Fisheries Co. (Alasmak), on Tuesday, has appointed Falcom Financial Services Co. as financial advisor for its prospective capital hike through a rights issue, the company said in a bourse statement.

 

In October 2018, Alasmak’s board of directors recommended a capital cut to offset accumulated losses followed by a capital hike through rights issue, Argaam reported earlier.

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