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Sadr hires financial advisor to manage subscription of priority rights shares

Sadr hires financial advisor to manage subscription of priority rights shares
Sadr’s board proposed increasing the capital by SAR 150 million via a rights issue.
SADR
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Riyadh – Mubasher: Sadr Logistics Services Co., previously Al Samaani Factory for Metal Industries Company, appointed FALCOM Financial Services Co. as a financial advisor to manage the subscription of priority rights shares.

The announcement was made on Monday by Sadr via a statement to the Saudi Stock Exchange (Tadawul).

On 4 January, Sadr’s board proposed increasing the capital by SAR 150 million via a rights issue to help the company implement its strategic and operational plans while supporting the expansion of logistics services.