Wafrah to start rights trading, new shares subscription tomorrow

19/06/2022 Argaam

Logo of Wafrah for Industry and Development Co.

Wafrah for Industry and Development Co.’s trading period for the rights issue and new shares subscription will begin tomorrow, June 20, the Saudi Exchange (Tadawul) said in a statement.

 

The rights issue trading period will close on June 27, while subscription for new shares will go on till June 30, the statement added.

 

On June 14, Wafrah’s shareholders approved a capital increase via a SAR 154.3 million rights issue, Argaam earlier reported.

 

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