AI assistant
Saudi Industrial Export Co. — Capital/Financing Update 2021
Jan 3, 2021
53393_rns_2021-01-03_071b8f7a-beba-4450-a421-0d4b68f819d5.html
Capital/Financing Update
Open in viewerOpens in your device viewer
Saudi Industrial Export Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA
4140 · 03/01/2021 08:33:32 · Announcement #61537 · View on Saudi Exchange
Saudi Industrial Export Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA
| Element List | Explanation |
|---|---|
| Introduction | Referring to the company's announcement dated 24-03-1442H corresponding to 10-11-2020 regarding the recommendation of the Board of Directors to increase the company's capital by offering rights issues shares amounting to (129,600,000) Saudi Riyals, and subject to the approval of the relevant official authorities and the Extraordinary General Assembly. |
The Saudi Industrial Export Company announces that it will submit on Thursday 16-05-1442 H corresponding to 31-12-2020 a file requesting approval from the capital market authority (CMA) to increase the company capital, noting that the company has appointed Al Khair as a financial advisor to manage the right issue. Date of Submitting the Application File to CMA 2020-12-31 Corresponding to 1442-05-16 Application Subject Increasing the company's capital by offering rights issues shares amounting to SAR 129,600,000, and subject to the approval of the relevant official authorities and the Extraordinary General Assembly. Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website 2020-11-10 Corresponding to 1442-03-24 Additional Information The Company will disclose 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.