Saudi Cable names Albilad Capital as underwriter for capital hike

12/05/2024 Argaam
Logo ofSaudi Cable Co.

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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