Riyadh – Mubasher: The Capital Market Authority (CMA) approved Thob Al-Aseel Company's request to increase its offered shares to 3 million shares.

The raise of the offered shares is a result of increasing the company's capital from SAR 50 million to SAR 150 million through capitalising the amount of SAR 100 million, according to a bourse filing.

In February, CMA agreed on the prospectus of Thob Al-Aseel and the offering of 20% of its share capital.