Riyadh –Saudi Arabian Mining Company (Maaden) has submitted a capital increase request to the Capital Market Authority (CMA).

The company will raise its capital through conversion of debt held by the Public Investment Fund, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Thursday.

Maaden noted that it will announce in due course any details and further information related to this matter.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.