Arab News, Wednesday, Sep 15, 2021 | Safar 8, 1443
Saudi Real Estate Co. proposes capital raise via priority rights issue
The Saudi Real Estate Co. is
considering issuing priority rights to raise SR1.6 billion to finance its future
projects, the company said in a filing to Tadawul.
The company’s board on Monday decided to present
the proposal at an extraordinary general assembly.
The board also approved the appointment of NCB
Capital as financial adviser.