Logo of Saudi Cable Co.

Shares of Saudi Cable Co. have their ex-rights today, Feb. 9, pending the general assembly’s approval.

 

Shareholders are set to vote on a board recommendation of a 27.26% capital cut from SAR 360.61 million to SAR 262.31 million, followed by a capital hike through SAR 500 million rights issue.

 

The capital hike aims at restructuring capital and pumping new funds to provide working capital to enable the company from increasing its operational capacity and support future activities.

 

For More IPOs

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

Saudi Cable shareholders to vote on 27.3% capital cut, SAR 500 mln rights issue on Feb. 9

Join Us

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