Saudi Cable Company To Raise Capital To $133Mn
The Saudi Cable Company announced on 21 October that it will raise its capital by 66.7%from the current SR300mn ($80mn) to SR500mn ($133mn) in two stages starting in November.The company will first offer 1mn new shares at SR100 each to shareholders on 10 Novemberon a one-for-three basis, raising SR100mn ($26.7mn). After completing the subscription tothe new shares, the company will issue a second 1mn...
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