Al Ahsa Development Co. said that its capital hike circular is available to shareholders on the Saudi Capital Market Authority’s (CMA) website.

 

Procedures for holding the extraordinary general assembly will be taken in coordination with relevant authorities and will be announced at a later date, the company added in a bourse statement.

 

Last week, the Saudi Capital Market Authority (CMA) approved Al Ahsa Development Co.’s request to increase its capital to SAR 737.32 million from SAR 490 million to finance the full acquisition of Al Salam Medical Services Co. for a total value of SAR 250 million under a share swap deal, according to data compiled by Argaam.

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