Saudi Cable appoints Albilad Capital as financial advisor on rights issue

09/05/2024 Argaam

Saudi Cable appoints Albilad Capital as financial advisor on rights issue

Logo of Saudi Cable Co.

Saudi Cable Co. appointed Albilad Capital as financial advisor on its capital increase application via a rights issue, the company said in a statement to the Saudi Exchange (Tadawul) today, May 9. 

  

An announcement will be made upon submitting the application for the rights issue to the Capital Market Authority (CMA), Saudi Cable said. It added that any other material developments in this regard will be duly revealed, in accordance with CMA’s regulations and Tadawul rules. 

 

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The company's board of directors recommended today raising capital by SAR 400 million through a rights issue, according to Argaam's data.

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