Riyadh – Sadr Logistics Services Co., previously Al Samaani Factory for Metal Industries Company, appointed FALCOM Financial Services Co. as a financial advisor to manage the subscription of priority rights shares.

The announcement was made on Monday by Sadr via a statement to the Saudi Stock Exchange (Tadawul).

On 4 January, Sadr’s board proposed increasing the capital by SAR 150 million via a rights issue to help the company implement its strategic and operational plans while supporting the expansion of logistics services.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 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.