The Saudi Capital Market Authority has approved Almasane Alkobra Mining Company’s request to increase its capital through a rights issue valued at SAR 680 million. The company will determine the subscription price and number of shares after the market closes on the day of its extraordinary general assembly meeting. Eligibility will be limited to shareholders registered with the Securities Depository Center at the close of the second trading day after the meeting. The company’s board will set the meeting date, and the rights issue prospectus will be published later. The approval confirms compliance with applicable legal requirements and does not constitute a recommendation to participate in the offering or invest in the company’s shares.
Saudi Capital Market Authority approves SAR 680 million rights issue by Almasane Alkobra Mining Company
The Saudi Capital Market Authority has approved Almasane Alkobra Mining Company’s SAR 680 million rights issue. The company will determine the subscription price and number of shares after its extraordinary general assembly meeting, with the prospectus to be published later.