Jabal Omar Development Co. — Capital/Financing Update 2022

Apr 21, 2022

JABAL OMAR DEVELOPMENT COMPANY ANNOUNCES THE APPOINTMENT OF A FINANCIAL ADVISOR TO MANAGE THE APPLICATION FOR THE COMPANY’S CAPITAL INCREASE THROUGH DEBT CONVERSION

4250 · 21/04/2022 16:04:44 · Announcement #67866 · View on Saudi Exchange

JABAL OMAR DEVELOPMENT COMPANY ANNOUNCES THE APPOINTMENT OF A FINANCIAL ADVISOR TO MANAGE THE APPLICATION FOR THE COMPANY’S CAPITAL INCREASE THROUGH DEBT CONVERSION

Element List	Explanation
Introduction	Further to the announcement made by Jabal Omar Development Company (the “Company”) published on the Saudi Exchange website on 06/02/1443H (corresponding to 13/09/2021G) that contains the appointment of SNB Capital as the Company’s financial advisor in relation to the Transaction, the Company announces that SNB Capital will manage the Company’s application to increase its capital. The Company will make an announcement when such application is submitted to the Capital Market Authority for approval in a timely manner.
Name of Financial Advisor	SNB Capital
Financial Advisor Appointment Date	2020-08-20 Corresponding to 1442-01-01
Reason for Replacing Financial Advisor	N/A

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