09 February 2016
Riyadh -- The Board of Directors of the Capital Market Authority has approved Altayyar Travel Group Company's capital increase request from SR 2,000,000,000 to SR 2,096,500,000 for the purpose of acquiring a 30% stake in Thakher Investment and Real Estate Development Company in equal percentages.

The Authority said in a statement published today that the approval was granted upon Altayyar Travel Group Company's compliance with the relevant disclosure requirements as per the Listing Rules and the Company will publish a disclosure document to its shareholders related to the objectives and rationale of the capital increase, noting that the disclosure document must include all relevant information the Company's shareholders need to know before making a voting decision on the capital increase for the said purpose, including information on the acquisition transaction and risk factors.

© Saudi Press Agency 2016