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Riyadh Cables Group Co. — Major Shareholding Notification 2026
May 20, 2026
53395_rns_2026-05-20_327aa589-9b10-4348-bb39-de50907663d6.html
Major Shareholding Notification
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Announcement by Riyadh Cables Group Company regarding its receipt of a letter from one of its major shareholders concerning the transfer of 9 million shares to a company owned by him
4142 · 20/05/2026 08:05:15 · Announcement #95528 · View on Saudi Exchange
Announcement by Riyadh Cables Group Company regarding its receipt of a letter from one of its major shareholders concerning the transfer of 9 million shares to a company owned by him
| Element List | Explanation |
|---|---|
| Announcement Detail | Riyadh Cables Group Company announces that it has received a letter from the shareholder Mr. Ahmad Samer bin Hamdi Alzaim, in his capacity as one of the Company’s major shareholders, stating his intention to reorganize and restructure his ownership between his personal portfolio and the portfolio of a company owned by him at 99.99%, by transferring nine million shares from his personal portfolio to the portfolio of Ahmad Samer Hamdi Alzaim Company – Closed Joint Stock Company, representing 6% of the total shares of Riyadh Cables Group Company. |
The Company would like to clarify that Ahmad Samer Hamdi Alzaim Company – Closed Joint Stock Company – is directly owned by the shareholder Mr. Ahmad Samer bin Hamdi Al Zaim at 99.99%. Accordingly, the aforementioned transfer has resulted in a change in the list of major shareholders of Riyadh Cables Group Company.
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.