16
May
12:20
APC shareholders reject capital increase plan
Saudi Arabia-based Arabian Pipes Company (APC)’s shareholders have rejected the board of directors’ recommendation to increase share capital by 300%, or SAR 300 million ($80m), through a rights issue, Kallanish observes.
“All options will be examined and studied in the best interest of the company and its shareholders,” APC says in a bourse filing.
The board of directors had proposed the capital increase to support working capita…
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Anonymous
Very good overview of the weekly steel market.
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