# Maadaniyah raises capital from SAR 234 million to SAR 354 million via rights issue

Maadaniyah began its share subscription and rights trading on November 29, 2021 to increase capital from SAR 234 million to SAR 354 million. SAR 65 million of the proceeds will fund new projects.

- Type: Investment
- Announced: 2021-11-29
- Where: Saudi Arabia
- Value: $32.0M (120.0M SAR)
- Status: announced

## Companies

- [National Metal Manufacturing and Casting Co. (Maadaniyah)](https://endata.com/companies/8632.md)

## Sources

- [argaam.com](https://www.argaam.com/en/article/articledetail/id/1515886), 2021-11-29: "to increase capital from SAR 234 million to SAR 354 million"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.