Country approves 25% capital increase
Al Madina Company has agreed to increase its capital by 25%, from 2.143 billion Qatari riyals to 2.680 billion Qatari riyals, through an offering of approximately 536 million new shares with priority rights for existing shareholders. The right to subscribe will be granted to shareholders registered at the end of the trading session on July 27, 2026, at an issuance price of 1.01 riyals per share, consisting of a nominal value of 1 riyal and a 0.01 riyal issuance premium. This is pending approval from regulatory authorities. Subscription rights will be traded between July 28 and August 3, 2026, with any unsubscribed shares being offered in the market according to the approved procedures.
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