20/04/2017 09:19 AST

The CMA has issued its resolution approving Nama Chemicals Company's request to reduce its capital from SAR (1,285,200,000) to SAR (235,200,000), thus reducing the number of shares from (128,520,000) shares to (23,520,000) shares. This approval is conditional on the Company’s extraordinary general assembly approval and completion of the necessary procedures in relation to the applicable regulations.


Nama Chemicals EGM approved capital reduction


Nama Chemicals Co. EGM held on Thursday 11/05/2017 has approved the capital reduction. Thus, the fluctuation limits on Sunday 14/05/2017 for Nama Chemicals Co. will be based on a share price of SAR


NAMA appoints financial advisor to manage right issues


Nama Chemicals Co. has assigned Aljazira Capital on 06-08-2016 as financial advisor to manage the offering rights issue.


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