The company said in a statement to Saudi market The Capital Markets Authority in the Kingdom allowed it to increase its capital from 36.918 billion riyals to 38.028 billion riyals.
This step comes within the arrangements of an agreement signed by the company in April to acquire the entire share of (Mosaic Phosphate B.V.) in Ma’aden and Waad Al-Shamal Phosphate Company by increasing Ma’aden’s capital through issuing shares to Mosaic Phosphate B.V.
She said Minerals It will complete the necessary procedures to complete the acquisition deal, including obtaining the approval of the extraordinary general assembly to increase the company’s capital.
