Saudi Arabia’s Capital Markets Authority (CMA) has approved Saudi Cable Company’s request to increase its capital through a SAR 400 million rights issue. Eligibility will be limited to shareholders registered at the Security Depository Center at the close of the second trading day after the extraordinary general assembly meeting. The company’s board will determine the meeting date later. The offering price and number of shares available for subscription will be set after market close on the meeting date.
The rights issue prospectus will be published later. Investors should carefully review its information on the company, the offering and associated risks before making an investment decision. The CMA’s approval confirms compliance with legal requirements and does not constitute a recommendation to participate in the offering or invest in the company’s shares.