Shams says still evaluating investment opportunities

01/02/2018 Argaam

Tourism Enterprise Co. (Shams) is still evaluating available investment opportunities with regards to its capital increase, the company said in a bourse statement on Thursday.

 

In January 2014, Shams board of directors had recommended raising the company’s capital through a SAR 390 million rights issue to shareholders of record on the extraordinary general meeting date. 

 

The capital increase was aimed at boosting the company's business portfolio in the tourism sector.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.