Riyadh-Mubasher: Saudi Arabia's Capital Market Authority (CMA) gave the go-ahead for Al Tayyar Travel Group to increase its capital to SAR 2.096 billion from SAR 2 billion to acquire a 30% stake in Thakher Investment and Real Estate Development Co. owned by Mohammed Alsubeaie & Sons Investment Co. and Abdullah Almishal & Sons Company in equal percentages.
Prior to the extraordinary general meeting that will be held to vote on the capital increase, Al Tayyar will publish a disclosure document to its shareholders related to the objectives and rationale of the capital increase.
