Sadr Logistics submits capital hike file to CMA

23/05/2021 Argaam

Logo of Sadr Logistics

Sadr Logistics Co. submitted on May 20, 2021, a request for capital increase through a SAR 150 million rights issue, to the Capital Market Authority (CMA), the company said in a bourse filing.

 

Any updates in the matter will be announced in due course.

 

According to data compiled by Argaam, on Jan. 3, 2021, the company’s board of directors recommended a capital hike through a SAR 150 million rights issue.

 

FALCOM Financial Services is appointed as a financial advisor to manage the IPO in the rights issue.

 

For More IPOs

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