Tabuk issues supplementary prospectus for capital raise

27/01/2015 Argaam

Tabuk Agricultural ​Development Company has issued a supplementary prospectus for its capital raise through a rights issue.


The ​Saudi Arabia-based ​company plans to offer 25 million shares at SAR 10 per share to raise its capital by 125 percent.


Tabuk said that it had faced delays awaiting approvals from relevant authorities in Sudan, as the

​North ​African country is home to the majority of its future projects.


The company said that it has modified its schedules for the planned projects in order to meet its future deadlines.

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