Al-Baha submits capital hike file to CMA

27/06/2021 Argaam

Al-Baha Investment and Development Co.

Al-Baha Investment and Development Co. submitted on June 24, a request for capital increase via a SAR 120 million rights issue, to the Capital Market Authority (CMA).

 

Any updates in the matter will be announced in due course, the company said in a bourse statement.

 

According to data compiled by Argaam, the company’s board of directors recommended in November 2020 a capital hike via a SAR 120 million rights issue.

 

Al-Baha named Aldukheil Financial Group as a financial advisor for the capital increase.

 

For More IPOs

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