Taiba shareholders to vote on capital hike on April 9

19/03/2019 Argaam

 

Taiba Holding Co.’s shareholders are set to vote on a proposed capital hike from SAR 1.5 billion to SAR 1.6 billion, on April 9, 2019, the company said in a bourse statement.

 

The capital increase will likely finance the acquisition of Al Aqeeq Real Estate Development Co. and Arab Resort Areas Co. (ARAC).

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