SIDC files for CMA approval on capital hike
SIDC files for CMA approval on capital hike
Logo ofSaudi Industrial Development Co. (SIDC) Saudi Industrial Development Co. (SIDC)submitted on Dec. 26 a request for the approval of the Capital Market Authority (CMA) on capital increase, according to a statement toTadawul. For more news on listed companies Any related updates will be duly revealed in line with the applicable regulations, the statement added. In September, the company’s shareholders approved to cut capital by 66.25% from SAR 400 million to SAR 135 million, data compiled with Argaam showed.
