Al Kathiri will submit its capital increase application to the CMA for approval
Al Kathiri Holding Co. appointed on SA’AF Capital as financial advisor for its planned capital increase through a rights issue, as recommended by the board of directors to the extraordinary general meeting (EGM). 
In a statement to Tadawul, the company said it will announce when it submits the capital increase application file to the Capital Market Authority (CMA) for approval, as well as any future developments in this regard.
Earlier this month, Al Kathiri said its board recommended increasing the company’s capital through a SAR 150 million rights issue, following the completion of the capital reduction process, according to data compiled by Argaam.
The company also recently appointed Estidamah Capital as its financial advisor for the capital reduction process.
Al Kathiri will submit its capital increase application to the CMA for approval
Al Kathiri Holding Co. appointed on SA’AF Capital as financial advisor for its planned capital increase through a rights issue, as recommended by the board of directors to the extraordinary general meeting (EGM).
In a statement to Tadawul, the company said it will announce when it submits the capital increase application file to the Capital Market Authority (CMA) for approval, as well as any future developments in this regard.
Earlier this month, Al Kathiri said its board recommended increasing the company’s capital through a SAR 150 million rights issue, following the completion of the capital reduction process, according to data compiled by Argaam.
The company also recently appointed Estidamah Capital as its financial advisor for the capital reduction process.
