Capital Market Authority Approves "Amak" Capital Increase
The Capital Market Authority has approved the increase of Al Ma'aden Megafab Company’s (Amak) capital by 680 million riyals through the issuance of priority rights shares. Shareholders registered as of the date of the extraordinary general assembly, which will approve the increase, are permitted to participate. The procedures include completing the necessary regulatory approvals, setting the date for the assembly, and announcing the offering prospectus later. It is important to note that shareholders holding shares at the end of the second trading day after the record date will have the right to subscribe to the new shares. This capital increase is part of the company’s plans to strengthen its capital base, in accordance with the approval issued on October 5, 2026.
Notice: This Is an AI-Generated Summary
Comments (0)