Ash-Sharqiyah publishes capital hike circular for shareholders

10/12/2019 Argaam

 

Ash-Sharqiyah Development Co. on Tuesday announced the publication of the shareholders’ circular for capital hike on the Saudi Stock Exchange (Tadawul) for the planned acquisition of real estate assets in Riyadh.

 

The circular has been issued in accordance with the regulations of the financial market and includes important information and documents related to the capital increase and real estate acquisition deal.

 

Last week, the Capital Market Authority approved the company’s request to increase its capital from SAR 75 million to SAR 120 million by issuing 4.5 million ordinary shares to acquire two real estate assets.

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