ash-sharqiyah Development Company announces the recommendation of the Board of Directors to increase the company's capital through a rights issue offering shares
To enable the company implementing its strategic and operational plans and support its future activities
Eligibility date
Provided that the eligibility of the shareholders who own the shares on the day of the extraordinary general assembly that decided to increase the capital by offering shares of priority rights and whose names appear in the register of the issuer's shareholders at the Depository Center at the end of the second trading day following the date of the assembly
Approvals
Approvals of relevant official bodies and extraordinary general assembly
Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA
It will be determined later
Additional Information
The announcement will be made later when a financial advisor is appointed for the offering, as well as when submitting the capital increase request file to the Authority and when there are any future developments in this regard
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