Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) gave the green light for Ayyan Investment Company to increase the capital by issuing new shares to the selling shareholders of Al Ahsa Medical Services Company.
The new capital will stand at SAR 806.36 million distributed over 80.63 million shares, compared to SAR 737.32 million and 73.73 million shares prior to the raise, according to a bourse filing on Tuesday.
Last April, Ayyan signed a share purchase agreement to acquire 26.43% in Al Ahsa Medical Services.
