The proposal was cancelled as the plan proved to be infeasible
NAMA CHEMICALS
2210
-8.13%
26.00
-2.30
2210
Riyadh – Mubasher: The board of directors of Nama Chemicals Company has cancelled a previous recommendation to raise the company’s capital by SAR 200 million.
The Saudi-based firm noted that the proposal was cancelled as the plan proved to be infeasible, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Monday.
Source:
Mubasher