Al Sorayai Trading and Industrial Group Co. submitted on Friday a request to increase capital through a rights issue to the Capital Market Authority (CMA), the company said in a bourse statement. 

 

Any updates in this regard will be announced in a timely manner, the statement added.

 

The company’s board of directors previously recommended a SAR 112.66 million capital hike through a rights issue, according to data available on Argaam.

 

In August, Al Sorayai’s shareholders approved a 70.89 percent capital cut to SAR 65.5 million from SAR 225 million to offset accumulated losses.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Al Sorayai board recommends SAR 112.7 mln rights issue
Al Sorayai to deposit proceeds from fractional shares on Sept. 26

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request