Alkhaleej Training to start e-voting for EGM on Oct. 30

27/10/2021 Argaam

Alkhaleej Training and Education Co.’s shareholders will start on Oct. 30, the electronic voting on the agenda of the extraordinary general assembly meeting (EGM) scheduled for Nov. 3, according to a bourse filing.

 

Shareholders are set to vote on the board of directors’ recommendation to increase capital through SAR 200 million rights issue.

 

The company aims to acquire assets in the education sector. It plans to raise capital by offering and listing 20 million ordinary shares via rights issue.

 

Earlier this month, the Capital Market Authority (CMA) approved Alkhaleej Training’s request to raise its capital through SAR 200 million rights issue

 

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