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Capital Market Authority approves Aseeg capital increase
The Saudi Capital Market Authority has approved an increase in "Asiag" company's capital from 291 million riyals to 300 million riyals through the issuance of 900,000 new shares with a total value of 9 million riyals. This will be executed via a targeted offering to specific investment categories in accordance with market regulations. Approval requires the extraordinary general assembly's approval within six months and the completion of legal procedures. The Authority emphasized that the responsibility for assessing the investment feasibility rests with the investors and the assembly. This step aims to strengthen the company's financial position and support its operational plans, with the Authority affirming that the company is committed to regulatory procedures without providing an evaluation of the investment's feasibility.
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