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Arab News, Wednesday, Sep 15, 2021 | Safar 8, 1443

Saudi Real Estate Co. proposes capital raise via priority rights issue

Saudi Arabia: 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.

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