“Emaar” lists capital increase shares and completes the restructuring of the financial position

Emaar the Economic City Company announced the listing of the new shares resulting from increasing the company’s capital by transferring debts to the creditor.

The company had announced on the Saudi Tadawul website, the day before yesterday, the results of the company’s extraordinary general assembly meeting, which included approval to increase the company’s capital by transferring the debt owed to the Public Investment Fund.

The company completed the elements of the financial position restructuring plan, which included rescheduling bank facilities, obtaining a new shareholder loan, reducing the company’s capital to extinguish the accumulated losses, and then increasing capital. Money through debt transfer.

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