The Saudi Capital Market Authority has agreed to increase the capital of the Saudi Arabian Fertilizer Company SAFCO from 4.166 billion riyals to 4.760 billion riyals by issuing 59.4 million ordinary shares for the purpose of acquisition On SABIC for Agricultural Nutrient Investments.
According to Arabiya Net, the Authority stated in a statement to the Saudi Stock Exchange that the shareholders ’circular regarding the increase in the capital of the Saudi Arabian Fertilizer Company (SAFCO) will be published in sufficient time From the date of the company's extraordinary general assembly.
and she said that the shareholders ’circular should contain information and data that the company's shareholders need to see, especially information related to the increase in capital and risk factors, before making their decision to vote On the decision to increase the capital for the aforementioned purpose.
she pointed out that taking a voting decision without reading the shareholders ’circular and studying its content may involve high risks. Therefore, the shareholder must review the shareholders ’circular and study it carefully to reach the appropriate decision when voting. If the contents of the shareholders’ circular are not understood, it is preferable to consult a licensed financial advisor.
