Al-Jouf Agricultural Development Seeks Regulatory Nod for Capital Raise

02:45 AM EDT, 09/06/2026 (MT Newswires) -- Al-Jouf Agricultural Development (SASE:6070) submitted a capital raise application to Saudi Arabia's Capital Market Authority on Sept. 3, according to a Sunday release. The increase, which will be done via the issue of 4.5 million shares, will boost the agricultural development company's capital to 345 million Saudi riyals from 300 million riyals. The company noted that the move is related to its subscription deal with food company Almunajem Foods Co. (SASE:4162).