SIDC files for CMA approval on capital hike

29/12/2024 Argaam
Logo ofSaudi Industrial Development Co. (SIDC)

Logo of Saudi Industrial Development Co. (SIDC) 

Saudi Industrial Development Co. (SIDC) submitted on Dec. 26 a request for the approval of the Capital Market Authority (CMA) on capital increase, according to a statement to Tadawul.
 
 

 

Any related updates will be duly revealed in line with the applicable regulations, the statement added.

In September, the company’s shareholders approved to cut capital by 66.25% from SAR 400 million to SAR 135 million, data compiled with Argaam showed.

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