“Shams” appoints “Al-Istithmar Capital” as a lead manager for its IPO

20/02/2014 Argaam

The Board of Tourism Enterprises Co. (Shams) appointed “Al-Istithmar Capital” as a lead manager to manage its SAR 390m rights issue IPO.

The rights issue is intended to raise the company’s capital as was recommended earlier by Shams’ board for the purpose of supporting the company’s future expansions.

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