Al Akaria shareholders to discuss SAR 1.593 bln rights issue on May 18

25/04/2022 Argaam

Saudi Real Estate Co.’s (Al Akaria) shareholders will vote on increasing capital through a SAR 1.593 billion rights issue, during the extraordinary general meeting (EGM) scheduled for May 18, according to a bourse filing.
 

Shareholders of record with the Securities Depository Center (Edaa) at the end of the second trading day after the extraordinary general meeting (EGM) will be eligible for the rights issue.
 

In December 2021, Al Akaria’s board of directors approved amending the recommendation on increasing capital to SAR 1.593 billion from SAR 1.6 billion, Argaam earlier reported.

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