Tadawul: TADCO goes ex-rights today

09/03/2021 Argaam

Shares of Tabuk Agricultural Development Co. (TADCO) have their ex-rights today, March 9, 2021, in case the capital increase is approved.

 

TADCO’s board of directors recommended a capital hike from SAR 241.8 million to SAR 391.8 million through a SAR 150 million rights issue.

 

The subscription proceeds will be utilized on the agricultural plan, paying off its debts and loans, and acquiring income-generating real estate businesses.

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