Taiba issues shareholders' circular, offer documents, timetable for Dur acquisition deal

Taiba Investment Co. announced issuing the shareholders' circular, offer document and timetable to shareholders of Dur Hospitality for the planned acquisition deal, according to a statement to Tadawul.

The Capital Market Authority (CMA) approved, on Nov. 6, Taiba Investments' application to increase its capital from SAR 1.604 billion to SAR 2.604 billion by issuing 100 million ordinary shares to acquire Dur Hospitality through a stock exchange offer, according to a statement.

Source : Argaam