Tourism Enterprise Co. (Shams) is still evaluating available investment opportunities with regards to its capital increase, the company said in a bourse statement on Thursday.

 

In January 2014, Shams’ board had recommended raising the company’s capital through a SAR 390 million rights issue to shareholders of record on the extraordinary general meeting date. 

 

The capital increase was aimed at boosting the company's business portfolio in the tourism sector.

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