Tadawul: Batic goes ex-rights today

06/12/2021 Argaam Special

Logo of Batic Investments and Logistics Co.

Shares of Batic Investments and Logistics Co. have their ex-rights today, Dec. 6, in case the capital increase is approved.

 

Batic’s board of directors recommended a capital hike from SAR 300 million to SAR 600 million through a SAR 300 million rights issue.

 

Rights issue proceeds are intended to go towards financing the company, implementing its future plans, expanding various activities and increasing the size of domestic investments, and adapting its growth plan to the renaissance and economic changes taking place in Saudi Arabia.

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