Saudi Cable Co. Announces the decision of the Board of Directors, to delegate the Executive Management to authorizing the management to sign a memorandum of understanding with willing investors, to sell part of the company’s loans in return for the issuance of shares in their favor
The Saudi Cable Company announces that the Board of Directors decided, by passing, on Wednesday 10/19/2022, to delegate the Executive Management to authorizing the management to sign a memorandum of understanding with willing investors, to sell part of the company’s loans in return for the issuance of shares in their favor, and the recommending to the Extraordinary General Assembly after obtaining approvals from the Capital Market Authority and government agencies.
