26
Dec
10:01
Saudi Arabia's Riyadh Steel eyes recapitalisation
The board of directors of Riyadh Steel (RS) has recommended increasing the company's share capital by 40% to SAR 70 million by capitalising SAR 20 million of the company's retained earnings through a four-for-ten bonus issue.
The company aims to support company's financial position and future growth plans, Kallanish discovers in a RS bourse filing.
The fractional shares will be held in a portfolio for the benefit of all shareholders and sold at market…
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Anonymous
Very good overview of the weekly steel market.
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