Wafrah appoints AlJazira Cap to manage capital increase process

25/07/2021 Argaam

Logo of Wafrah for Industry and Development

Wafrah for Industry and Development Co. appointed, on July 15, AlJazira Capital as financial advisor to manage the company’s capital increase through rights issue, according to a bourse statement.

 

Further developments will be announced when the company submits the capital increase application file to the Capital Market Authority (CMA), and whenever there are any future developments.

 

In May, Wafrah’s board of directors recommended increasing the company’s capital through rights issue of SAR 154.3 million, Argaam earlier reported.

 

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