Riyadh – Mubasher: Wafrah for Industry & Development Company has appointed Aljazira Capital to be the financial advisor that will manage the transaction of increasing the company’s capital through a rights issue, according to a bourse filing on Sunday.
Last May, the listed firm’s board recommended a capital increase of SAR 154.34 million to expand its business, automate production lines, and cover all the regions in Saudi Arabia.
