19 Hrs
Source:
الاقتصادية
Al-Jawf Suggests 13% Capital Boost for Al-Munajem
Al Jouf Agricultural Development Company announced its recommendation to increase its capital by issuing 4.5 million new shares, representing 15% of the current capital, with a total offering value of 236.25 million riyals at a price of 52.5 riyals per share. This increase aims to support the company's strategy and its transformation from traditional agricultural activity to integrated industrial agriculture, as well as to enhance its capabilities in food manufacturing and value-added products. The new shares will be allocated to Al-Munajem Company, which will own 20% of the company's capital after the increase, subject to approval by the Capital Market Authority, the Extraordinary General Assembly, and the necessary internal approvals.
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