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WAFRAH
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Riyadh – Mubasher: The Capital Market Authority (CMA) has granted its green light for Wafrah for Industry and Development Company to increase its capital through a SAR 154.34 million rights issue.
The CMA issued its approval after the company fulfilled all the conditions and requirements for the capital increase file, according to a bourse disclosure on Tuesday.
Last December, the company’s board submitted a request to the CMA to obtain the approval for increasing its capital from SAR 77.17 million to SAR 231.511 million.
Source:
Mubasher
