Middle East Healthcare Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues
Middle East Healthcare Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues
| Introduction | |
|---|---|
| Date of Board Meeting | 2022-11-03 Corresponding to 1444-04-09 |
| Target Amount | 240,000,000 |
| Reasons for the increase | To enable the company implementing its strategic and operational plans and support its future activities |
| Eligibility date | Shareholders holding shares on the date of the Extraordinary General Assembly meeting in which capital increase through the issuance of right issues was resolved whose names so appear in the register of the Issuer's Shareholders at the Depository Center at the end of the second trading day following the date of the General Assembly's Meeting. |
| Approvals | Approvals of relevant official bodies and extraordinary general assembly |
| Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA | It will be determined later |
| Additional Information | The announcement will be made later when a financial advisor is appointed for the offering, as well as when submitting the capital increase request file to the Authority and when there are any future developments in this regard |
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