Filling & Packing Materials MFG. Co. (FIPCO) announces appointment of a financial advisor to manage subscription to right issues
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | With reference to FIPCO announcement published on Tadawul website on 22-07-1443 corresponding to 23-02-2022 containing the Board of Directors’ recommendation to the Extraordinary General Assembly to increase the Company’s capital through the issuance of rights issue, FIPCO is pleased to announce the appointment of a financial advisor “Wasatah Capital” to manage the subscription to Priority rights shares. |
| Name of Financial Advisor | Wasatah Capital |
| Financial Advisor Appointment Date | 2022-02-27 Corresponding to 1443-07-26 |
| Additional Information | Announcements will be made later when the capital increase request file is submitted to the Capital Market Authority and when there are any future developments in this regard. |
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