Middle East Healthcare Company Announces the Latest Development on the Board of Directors’ Recommendation to Increase the Company's Capital by Offering Rights Issue
Middle East Healthcare Company Announces the Latest Development on the Board of Directors’ Recommendation to Increase the Company's Capital by Offering Rights Issue
| Introduction |
Introduction
With reference to the announcement of the Middle East Healthcare Company (the “Company”) published on Tadawul’s website on 12/04/1444 H (corresponding to 06/11/2022 G) in relation to the Board of Directors’ recommendation to increase the Company’s capital by offering rights issue for a total value of SAR (240,000,000), the Company’s Board of Directors issued its resolution on 04/12/1444 H (corresponding to 22/06/2023 G) to stop the work on the capital increase file in order to assess other financing solutions to enable the Company to implement its strategic and operational plans and support its future activities. |
|---|---|
| Previous Announcement | The Board’s Recommendation to Increase the Company's Capital by Offering Rights Issue |
| Date of Previous Announcement on Tadawul's Website | 2022-11-06 Corresponding to 1444-04-12 |
| Percentage of fulfilled achievement | Not Applicable |
| Event's Expected Completion Date | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons | N/A |
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