Saudi CMA approves Al-Sorayai request to increase capital

25/12/2019 Argaam

 

Al-Sorayai Trading and Industrial Group received an approval from the Capital Market Authority (CMA) to increase its capital through SAR 112,660 million rights issue, the market regulator said in a statement.

 

Shareholders of record at the Security Depository Center by the closing of the second trading day after the extraordinary general assembly meeting are eligible to participate in the rights issue.

 

The extraordinary general assembly date will be determined by the company’s board later on.

 

The offering price and the number of shares offered will be determined by the company after market closing on the general assembly meeting date.

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