Baladna subscription rights listed today
The stock exchange announced the start of trading for Baladna Company’s rights issue today, following the approval of the extraordinary general assembly to increase the capital by 25%. The increase will raise the company's capital from 2.14 billion SAR to 2.68 billion SAR through the issuance of 535.99 million new ordinary shares to existing shareholders with pre-emptive rights. This measure aims to strengthen the company's financial capabilities and expand its operations in the market.
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