Saturday, 2 March 2024

Shams Appoints Al Wasata Capital as Financial Advisor to Manage Rights Issue Subscription

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Tourism Enterprises Company (Shams) has announced on Thursday the appointment of Al Wasata Capital as a financial advisor to manage its subscriptions to the rights issue.

Tourism Enterprises Company (Shams) indicated that, by reference, the Board of Directors’ recommendation published on Tadawul website on 24.08.2021 regarding increasing the company’s capital through a rights issue amounting to SR315,401,580.

The Company added that it will make an announcement in the event of submitting the Capital Increase through Rights Issue subscription file for CMA approval, and any future developments once they are available.

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