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الاقتصادية
Al-Manajm becomes strategic investor in Al-Jawf
Saudi Arabia's Al Jouf Agricultural Development Company has signed a binding subscription agreement with Al Manjam Food. Under the agreement, Al Manjam will become a strategic investor by acquiring a minority stake in the company through a capital increase. The transaction involves issuing 4.5 million new shares at a price of 52.5 riyals per share, which will increase Al Jouf's capital from 300 million riyals to 245 million riyals. The total subscription amount amounts to 236.25 million riyals. The deal requires approval from the Capital Market Authority and the relevant authorities before it can be presented to the Extraordinary General Assembly for ratification.
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