CMA approves Wafrah’s SAR 154.3 mln rights issue

04/04/2022 Argaam

Logo of Wafrah for Industry and Development Co.

The Capital Market Authority (CMA) approved an application from Wafrah for Industry and Development Co. to raise its capital through SAR 154.34 million rights issue.

 

Shareholders of record at the Securities Depository Center (Edaa) by the close of the second trading day after the extraordinary general meeting (EGM) will be eligible for the rights issue, the authority said in a statement.

 

In May 2021, 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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