Nama Chemicals BOD proposes a rights issue of SAR400mn
Nama Chemicals Company (Nama) [2210.SE] has announced that its board of directors (BoD) proposed a capital increase through a rights issue of SAR400mn. The number and price of the new issued shares will be decided later at the company’s EGM, the date of which has yet to be determined. The announcement also stated that the holders of the stock at the end of the trading day of the EGM will be entitled to the rights issue. (Tadawul)
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