Saudi Advanced Industries Co. — Capital/Financing Update 2021

Jan 4, 2021

Saudi Advanced Industries Company (SAIC) announces that one of its fellow companies has appointed a financial advisor to launch in the parallel market (Nomu)

2120 · 04/01/2021 15:45:03 · Announcement #61568 · View on Saudi Exchange

Saudi Advanced Industries Company (SAIC) announces that one of its fellow companies has appointed a financial advisor to launch in the parallel market (Nomu)

Element List	Explanation
Announcement Detail	Saudi Advanced Industries Company (SAIC) announces of that one of its fellow companies on date 04/01/2021 (Obeikan Glass Company), in which Saudi Advanced Industries Company owns 40% of its capital, appoints Falcom Financial Service Company, as a financial advisor for the process of offering in the parallel market (Nomu) in accordance with the rules of registration and listing in force.

it is worth mentioning that this is among the efforts of Saudi Advanced Industries Company to urge and push the fellow companies to listing their shares in the financial market to reflect positive impact on the shareholders' equity and the company's financial position when possible to list into Saudi Stock Market.

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.