FIPCO files for capital increase with CMA

10/08/2022 Argaam
Logo ofFilling and Packing Materials Manufacturing Co. (

Logo of Filling and Packing Materials Manufacturing Co. (FIPCO) 

Filling and Packing Materials Manufacturing Co. (FIPCO) submitted to the Capital Market Authority (CMA) a file to increase its capital to SAR 115 million, through a rights issue offer.

 

The file was submitted on Aug. 9, FIPCO said in a statement to Tadawul, adding that any material development will be announced in due course.

 

In February, FIPCO’s board of directors recommended increasing the company’s capital through a rights issue to SAR 115 million. 

 

The company had appointed Wasatah Capital as financial advisor to manage the rights issue. 

 

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