It revealed to its shareholders on Monday that it will launch the rights issue, which is a share sale to current investors with the intention of obtaining fresh cash. This action is part of a previously announced plan to raise 653 million pounds in capital.

According to Aston Martin, the newly raised capital will be put toward the reduction of the company's obligations and the enhancement of the company's liquidity.

The automaker stated that its rights offering has received "irrevocable commitments" from investors, some of whom include the Public Investment Fund (PIF) of Saudi Arabia, the Yew Tree Consortium, and Mercedes-Benz.

According to Aston Martin, the newly acquired capital will be put toward the reduction of the company's obligations and the enhancement of the enterprise's liquidity (PA) / PA Wire.

The Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. It is under the direction of Crown Prince Mohammed bin Salman.

Although its investments frequently attract controversy, it has access to close to a half a trillion dollars to spend however it pleases.

As a result of the fund's acquisition of Newcastle United Football Club in the previous year – it provided 80 percent of the funds for the transaction – there were demonstrations held in front of the Premier League club's stadium protesting Saudi Arabia's violations of human rights.

After the completion of the financing, it is generally agreed upon that PIF will assume the position of the company's second largest stakeholder.

Aston Martin has reported that shareholders who collectively represent more than a third of the company's share capital have indicated that they will support the rights issue during the general meeting that will take place on Thursday.

The board of directors of the automobile manufacturer stated that it expects the capital increase would be able to meet the company's goals of roughly 10,000 wholesale sales, £2 billion in revenues, and £500 million in adjusted profitability by the 2024-25 fiscal year.