FIPCO appoints financial advisor to manage rights issue subscription

28/02/2022 Argaam

Logo of FIPCO

Filling and Packing Materials Manufacturing Co. (FIPCO) appointed Wasatah Capital as the financial advisor to manage the subscription to priority rights shares.

 

The company said in a bourse statement that announcements will be made later when the capital increase request file is submitted to the Capital Market Authority (CMA) and when there are any future developments in this regard.

 

According to data compiled by Argaam, the company’s board of directors recommended, during a meeting held on Feb. 21, increasing the company’s capital through rights issue to SAR 115 million.

 

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