Riyadh – Mubasher: Ash-Sharqiyah Development Company has appointed Al-Khair Capital Company as a financial advisor to manage the subscription of priority rights shares, according to a bourse filing on Monday.

In December 2020, the company’s board of directors recommended increasing the capital by SAR 225 million via a rights issue.

The capital increase will help the company implement its strategic and operational plans and support its future activities.