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Nama Chemicals’ board cancels capital hike recommendation

Nama Chemicals’ board cancels capital hike recommendation
The proposal was cancelled as the plan proved to be infeasible
NAMA CHEMICALS
2210
0.17% 30.10 0.05

Riyadh – Mubasher:  The board of directors of Nama Chemicals Company has cancelled a previous recommendation to raise the company’s capital by SAR 200 million.

The Saudi-based firm noted that the proposal was cancelled as the plan proved to be infeasible, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Monday.