Development Works Food appoints financial advisor for rights issue

26/12/2021 Argaam

Logo of Development Works Food Co.

Development Works Food Co.'s board of directors appointed today, Dec. 26, FALCOM Financial Services Co. as a financial advisor for subscription to its rights issue, according to a bourse filing.

 

An announcement will be made later when the capital increase request file is submitted to the Capital Market Authority (CMA) and of any future developments in this regard.

 

The company's board of directors recommended, on Dec. 9, a capital increase by SAR 216 million through a rights issue, according to Argaam's data.

 

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