Saudi Fisheries issues prospectus for SAR 298.9 mln rights issue

12/05/2020 Argaam

Saudi Fisheries Co. (Alasmak) issued prospectus for its SAR 298.8 million rights issue, the company said in a bourse filing.

 

Alasmak set the offering price at SAR 10 a share, to increase capital from SAR 101.1 million to SAR 400 million, through floating 29.89 million shares.

 

The rights issue proceeds net of offering fees and costs will be used for rehabilitation of projects, payment of incorporation fees and working capital, as well as debt repayment.

 

Alasmak shareholders will discuss on May 14 the board’s recommendation to increase capital, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read