Mufeed shareholders OK reallocation of SAR 30M IPO proceeds

01/09/2025 Argaam
Logo ofMufeed Co.

Logo of Mufeed Co.

Mufeed Co.'s shareholders approved the board’s proposal to reallocate SAR 30 million in offering proceeds, as outlined in the prospectus published on Aug. 29, 2024.

 

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The approval came at the ordinary general meeting held on Aug. 31, Mufeed said in a statement to Tadawul.

 

The company said the proceeds will be fully used to support the expansion of its business operations.

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