AYYAN board proposes SAR 200 mln rights issue to raise capital

28/08/2023 Argaam

AYYAN board proposes SAR 200 mln rights issue to raise capital

Logo of AYYAN Investment Company

AYYAN Investment Co.’s board of directors recommended on Aug. 27 increasing the company’s capital through a SAR 200 million rights offering.

 

The capital increase will help AYYAN put its operating plans into effect and support working capital, the company said in a statement to Tadawul.

 

Shareholders of record on the extraordinary general meeting (EGM) date, and those registered with the Securities Depository Center (Edaa) on the second trading day following the meeting date are eligible for this increase.

 

The decision is subject to approvals from the relevant authorities and the company shareholders.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read