Bawan to raise capital 86.6% to SAR 50 mln

19/03/2015 Argaam
Bawan Company, a manufacturer of metal, wood, and electrical products, said that its subsidiary Bawan Wood Industries will raise its capital from SAR 26.8 million to SAR 50 million.
 
The company intends to develop its activities, and will finance the capital raise from its retained earnings account, Bawan said in its filing to Tadawul, Saudi Arabia’s bourse.
 
Bawan Wood is 95 percent-owned by Bawan Company.

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