Abdulrahman Al Rajhi, Khalid Al Rajhi transfer shares in Takween rights issue

11/10/2016 Argaam

Takween Advanced Industries said that both Abdulrahman Saleh Al Rajhi and Partners Co. Ltd. and Khalid Abdulrahman Al Rajhi completed procedures on Monday to transfer their rights entitlements, amounting to a total of 9.83 million shares, to other investors.

 

Both parties have not yet subscribed to the rights issue shares allocated to them, the company said in a bourse statement.

 

Takween is set to complete the second round of its SAR 600 million rights issue on Tuesday.

 

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