Saudi Cable to sign MoU with investors to purchase part of company loans in return for issuing shares

The Saudi Cable Company announced on Wednesday that the Board of Directors decided by passing, on Wednesday 19/10/2022, to delegate the Executive Management to authorize the management to sign a memorandum of understanding with willing investors, to sell part of the company’s loans in return for the issuance of shares in their favor, and the recommending to the Extraordinary General Assembly after obtaining approvals from the Capital Market Authority and government agencies.