FIPCO Appoints Wasata Capital as Financial Advisor to Manage Priority Rights Shares

FIPCO announced on Monday the appointment of a financial advisor “Wasatah Capital” to manage the subscription to Priority rights shares.

The comes with reference to FIPCO announcement published on Tadawul website on 23.02.2022 containing the Board of Directors’ recommendation to the Extraordinary General Assembly to increase the Company’s capital through the issuance of rights issue.

The announcements will be made later when the capital increase request file is submitted to the Capital Market Authority and when there are any future developments in this regard, the company concluded.