Sadr Logistics Co. — Capital/Financing Update 2021

Jan 4, 2021

Al-Samaani Factory For Metal Industries Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues

1832 · 04/01/2021 08:58:06 · Announcement #61562 · View on Saudi Exchange

Al-Samaani Factory For Metal Industries Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues

Element List	Explanation
Introduction	Al Samaani Factory for Metal Industries Company announces the recommendation of the Board of Directors to increase the company's capital through the issuance of right issues as follows:
Date of Board Meeting	2021-01-03 Corresponding to 1442-05-19
Target Amount	150,000,000 SAR
Reasons for the increase	To enable the company to implement its strategic and operational plans and to support the expansion of logistics services.
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	Approvals of the relevant official authorities and the extraordinary general assembly.
Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA	The announcement will be made later when a financial advisor is appointed to manage the subscription for priority rights shares, and also will be announced later when submitting the capital increase application file to the Capital Market Authority and when there are any future developments in this regard.

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.