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Shams still reviewing capital increase requirements

Shams still reviewing capital increase requirements
TECO
4170
39.68% 0.88 0.25
Tourism Enterprise Co. (Shams) said it is still reviewing the capital increase requirements with financial advisor Al-Istithmar Capital.
The Tadawul-listed company added that it is still preparing for the due diligence.
The board had earlier recommended increasing capital by SAR 200 million through issuing rights issue shares at a total value of SAR 390 million.