9 Hrs
Source:
مباشر
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Rights Issue Approved
The Capital Market Authority has approved Saudi Cable Company’s application to increase its capital through a SAR 400 million rights issue. The company will determine the offering price and number of shares after trading closes on the day its extraordinary general assembly is held. The Board of Directors will set the date of the meeting at a later time. Shareholders recorded in the company’s register at the close of the second trading day following the meeting will be entitled to subscribe. The Authority urged investors to read the prospectus and assess the risks of the offering, emphasizing that its approval does not constitute an endorsement of the investment’s merits.
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