SAFCO changes name to SABIC Agri-Nutrients

03/01/2021 Argaam

Saudi Arabian Fertilizer Co. (SAFCO) announced the change of its name to SABIC Agri-Nutrients Co. on the Saudi Stock Exchange (Tadawul) following the approval at the extraordinary general assembly meeting held on Nov. 18, 2020.

 

The procedures to affect the name change in the company’s bylaws and commercial register have been completed, the company said in a bourse filing today, Jan. 3, 2021. 

 

In November 2020, Saudi Arabian Fertilizer Co. (SAFCO) shareholders approved a 14.25% capital increase to SAR 4.76 billion from SAR 4.17 billion during the EGM. The move aims to fund the acquisition of SABIC Agri-Nutrients Investment Co. from Saudi Basic Industries Corporation (SABIC). 

 

Shareholders also approved amending the company’s name to SABIC Agri-Nutrients Co. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.