Development Works Food Co. — Capital/Financing Update 2021

Dec 26, 2021

Development Works Food Co. Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues

6013 · 26/12/2021 15:23:41 · Announcement #66078 · View on Saudi Exchange

Development Works Food Co. Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues

Element List	Explanation
Introduction	With reference to Development Works Food Co. announcement on 05-05-1443 corresponding to 09-12-2021 containing the Board of Directors’ recommendation to increase the company’s capital through a rights issue, the company is pleased to announce the appointment of a financial advisor to Falcom Financial Services Company to manage the subscription in shares Priority rights, in accordance with the decision of the Board of Directors on 22-05-1443 corresponding to 26-12-2021
Name of Financial Advisor	Falcom Financial Services Company
Financial Advisor Appointment Date	2021-12-26 Corresponding to 1443-05-22
Additional Information	An announcement will be made later when the capital increase request file is submitted to the Capital Market Authority and when there are any future developments in this regard.

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