SAUDI CABLE
2110
18.99%
68.00
10.85
2110
Riyadh – Mubasher: Saudi Cable Company’s (SCC) board recommended increasing the company’s capital by SAR 360 million by way of a rights issue.
The capital hike aims to restructure the company’s capital and pump new funds to help the company raise its operational capacity and support its future activity, according to a stock exchange statement on Thursday.
FALCOM Financial Services was appointed as a financial advisor to the offering transaction. The capital increase will be subject to the approvals of official relevant authorities and the extraordinary assembly.
Source:
Mubasher