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Al-Jouf signs deal for Al-Majm capital rise
Al Jouf Agricultural Development Company has approved the signing of a binding subscription agreement with Al Manajem Food Company to increase the company's capital by up to 15%. The purpose of this is to enable Al Manajem to make a strategic investment in the company after thorough and serious study and examination, with the share price set at 52.5 Riyals. This step comes after the company received a desire from Al Manajem to acquire a minority stake, and the necessary regulatory procedures and approvals will be completed before presenting the deal to the general assemblies.
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