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.