Al Moammar Information Systems Co. — Share Issue/Capital Change 2021

Jan 4, 2021

Al Moammar Information Systems Co. Announces the Board’s Recommendation to Increase the Capital by Granting free Bouns Shares

7200 · 04/01/2021 15:50:40 · Announcement #61569 · View on Saudi Exchange

Al Moammar Information Systems Co. Announces the Board’s Recommendation to Increase the Capital by Granting free Bouns Shares

Element List	Explanation
Introduction	Al Moammar Information Systems Co. Announces the Board of Dircetores resoulation today 20/05/ 1442 AH corresponding 04/01/2021 to Increase the Capital by Granting (1) Bouns Shares for every (4) shares by transfrering from retained earning and statuiry reserve to share capital .
Date of Board Meeting	2021-01-04 Corresponding to 1442-05-20
Capital before increase	SAR 200,000,000.00
Capital after increase	SAR 250,000,000
Percentage of Capital increase	25 %
Number of shares before Capital increase	20000000
Number of shares after Capital increase	25000000
Reasons for the increase	To strengthen the company's principal to cope with the size of expanding business and future goals
Number of Shares Granted per Exiting Share	1 share for every 4 owned shares
Nature and Value of Reserves Used in the Capitalization	The increase will be done by capitalization of the amount of money from the "statuary Reserve and retained earnings "
Eligibility Date	The right of profits to the shareholders of the company owners of the shares on the day of maturity registered in the company's shareholders register with the Securities Depository Center at the end of the second trading day after the Eligibility
Fractional Shares	In the case of stock remaining fractures, the fractions will be grouped into one portfolio for all shareholders and sold at the market price and then distributed to shareholders eligible for the grant each according to their share within a period of not more than 30 days from the date of determining the shares due to each shareholder.
Approvals	This grant is conditional on the approval of the official authorities and the approval of Extraordinary General Assembly Meeting to increase in capital and the number of shares granted.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.