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Kimlool seeks approval for capital increase via rights issue
Methanol Chemicals Company (Kimanool) announced that it has submitted an application to increase its capital by 350 million Saudi Riyals through a rights issue, aimed at strengthening funding and expanding its capital base. The company submitted the approval request to the Capital Market Authority on September 30, 2026, and plans to announce any future developments in this regard. Kimanool had previously recommended a capital increase in May 2024, accompanied by a plan to offer 35 million shares with a nominal value of 10 Riyals per share.
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