Molan Steel names Yaqeen Capital as financial advisor for rights issue

09:20 AM (Mecca time) Argaam
Logo ofMolan Steel Co.

Logo of Molan Steel Co.

Molan Steel Co. appointed Yaqeen Capital as financial advisor for its planned rights issue.

 

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In a statement to Tadawul, the company said it would announce the submission of its capital increase application to the Capital Market Authority (CMA) and provide updates on any relevant developments.

 

According to Argaam data, Molan Steel’s board of directors recommended in October 2024 increasing capital by SAR 26.6 million via a rights issue.

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