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The company also submitted on 23 August its request to later increase the capital by SAR 500 million, according to a bourse disclosure on Tuesday.
Saudi Cable aims to raise the capital through a rights issue.
The company noted that any future developments in this regard will be disclosed in due course.
Last July, the board of directors recommended a 27.26% capital reduction to SAR 262.31 million, as well as a capital hike through a rights issue to stand at SAR 762.31 million.
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