Thimar recommends capital increase via SAR 150 mln rights issue

09/04/2019 Argaam

 

National Agriculture Marketing Co.’s (Thimar) board of directors recommended a capital increase via a rights issue at SAR 150 million, the company said in a bourse filing.

 

The capital rise, which is pending the regulatory approvals, will be directed for financing the company’s expansions.

 

Falcom Financial Services was appointed to advise on the offering.

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