Etihad GO Telecom Co. — Capital/Financing Update 2021

Dec 20, 2021

Etihad Atheeb Telecommunication Co. (GO) announces the Board's Recommendation to Increase the Capital by Offering Rights Issues

7040 · 20/12/2021 16:16:58 · Announcement #66023 · View on Saudi Exchange

Etihad Atheeb Telecommunication Co. (GO) announces the Board's Recommendation to Increase the Capital by Offering Rights Issues

Element List	Explanation
Introduction	Etihad Atheeb Telecommunication Company (GO) announces that the Board of Directors issued a by-pass decision on 15-05-1443 corresponding to 19-12-2021, to recommend to the Extraordinary General Assembly to increase the Company's capital by offering rights issue according to the following details:
Date of Board Meeting	2021-12-19 Corresponding to 1443-05-15
Target Amount	SAR 350,000,000
Reasons for the increase	The main objective of the company is to increase the capital to pay off the company’s obligations and to develop and modernize its systems and networks.
Eligibility date	Shareholders holding shares on the date of the Extraordinary General Assembly meeting in which capital increase through the issuance of right issues was resolved whose names so appear in the register of the Issuer's Shareholders at the Depository Center at the end of the second trading day following the date of the General Assembly's Meeting.
Approvals	The approval of the relevant official authorities and the extraordinary general assembly.
Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA	AlJazira Capital has been appointed by virtue of the same resolution as a financial advisor to manage the company's capital increase and take all related procedures.

An announcement will be made upon submitting the capital increase application file to the Capital Market Authority (CMA) for its approval, in addition to any other material developments.

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.