Saudi Industrial Export Co. appoints Alkhair Capital as rights issue lead manager

10/10/2018 Argaam

 

Saudi Industrial Export Co. (SIECO) has appointed Alkhair Capital Saudi as the underwriter and lead manager of its SAR 54 million capital hike through a rights issue, the firm said in a statement.

 

SEICO’s shareholders approved yesterday the capital increase, which aims to support the company's financial position and develop its business and activities, Agraam reported.

 

The rights trading period will run from Oct. 15 until Oct. 22, while the subscription period will be until Oct. 25.

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