Al-Khodari to file capital hike request before August 31

30/07/2015 Argaam

Abdullah A. M. Al-Khodari Sons Co. (Al-Khodari) will file a request to Saudi Arabia’s market regulator, the Capital Market Authority (CMA), to raise its capital before August 31, the Saudi contracting company said in a statement to Tadawul.

 

The firm is in the process of preparing the application, which will incorporate H1-2015 financial results announced on July 26.

 

Al-Khodari’s board of directors recommended last November a capital raise of SAR 500 million through a rights issue, according to data compiled by Argaam.

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