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Open
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Close
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Nama Chemicals gets CMA’s nod on SAR200 million capital hike

2019-01-08 12:09:18 GMT (Economies.com)
 

The Capital Market Authority (CMA) has approved a request from Nama Chemicals Company to increase its capital by way of rights issue valued at SAR 200 million.

 

The increase will be limited to the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the extraordinary general assembly meeting, which will be determined by the company’s board of directors at a later date, according to CMA.

 

The offering price and the number of shares offered for subscription will be determined by the company after market closing of the same day in which the extraordinary general assembly meeting is to be held. After reviewing the Company’s application in light of the governing regulatory requirements, and the quantitative and qualitative criteria applicable to all companies requesting a capital increase.

 

Nama Chemicals earlier posted its financial results for the third quarter of 2018, showing SAR 749,000 net profit, against SAR 2.02 million net loss in the same period a year ago. Financial results for the first nine months of 2018 showed SAR 52.3 million net profit, versus SAR 8.6 million net loss in prior-year period.

 
 
 
  Symbol Last Change Chg.%
1.2044
0.0018
0.1513%
1.3881
-0.0072
0.5157%
Tadawul
10127.90
18.31
0.18%
26.079
0.288
1.117%
62.060
-1.118
1.770%
65.78
0.41
0.63%
1784.925
13.475
0.761%
 
 
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