Al-Khaleej Training Company intends to increase the company's capital through a rights issue of 200 million riyals, after inviting shareholders to attend the extraordinary general assembly meeting on November 3, 2021 to vote on that.
According to Arabiya Net, the company said in a statement that the company aims to increase the capital by offering priority rights shares to acquire assets in the field of education.
She added that this will be done by offering and listing rights shares of 20 million ordinary shares.
The eligibility will be for the shareholders owning shares on the day of the extraordinary general assembly who are registered in the company’s shareholders register with the Securities Depository Center Company, the Depository Center at the end of the second trading day following the date of the extraordinary general assembly.
The assembly votes on amending Article VII of the company’s articles of association related to capital, and amending Article VIII of the company’s Articles of Association related to subscribing to shares.
It is noteworthy that the company's current capital is 450 million riyals.
