Saudi Cable names Albilad Capital as underwriter for capital hike

12/05/2024 Argaam

Saudi Cable names Albilad Capital as underwriter for capital hike

Logo of Saudi Cable Co.

Saudi Cable Co. appointed Albilad Capital as an underwriter for the company’s capital increase via a SAR 400 million rights issue at SAR 10 a share, according to a statement to Tadawul.

 

Saudi Cable will reveal updates as regards submitting the capital increase request to the Capital Market Authority (CMA), in addition to any other material developments.

 

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The company's board of directors recommended on May 9 raising the company’s capital by SAR 400 million through a rights issue, while appointing Albilad Capital as financial advisor, according to Argaam's data.

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