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Shams proceeding with capital increase

Shams proceeding with capital increase
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Riyadh-Mubasher: Saudi Arabia's Tourism Enterprises Co. (Shams) said it is still reviewing the capital raise procedures with the financial advisor Al-Istithmar Capital.

The company is also preparing for the due diligence.

Shams’ board had earlier recommended increasing capital by SAR 200 million through issuing rights issue shares at a total value of SAR 390 million.