Saudi Telecom board proposes $8 bln capital increase
Saudi Telecom (7010.SE) announced on Sunday that its board of directors has requested an increase in capital of $8 billion. The capital increase would entail the issuance of 30 billion new shares a 150 percent increase, with shareholders offering 1.5 new shares for each share they currently own. Saudi Telecom (7010.SE) announced on Sunday that … Read more