Takween Advanced Industries Co. — Capital/Financing Update 2016

Apr 25, 2016

Addendum Announcement From Takween Advanced Industries Regarding The Recommendation of The Board of Directors to Increase the Companys Capital through Rights Issue

1201 · 25/04/2016 15:02:26 · Announcement #42409 · View on Saudi Exchange

Addendum Announcement From Takween Advanced Industries Regarding The Recommendation of The Board of Directors to Increase the Companys Capital through Rights Issue

Reference to the announcement of the Company on 17-12-2015, regarding the recommendation of the Board of Directors to increase the company capital through Rights Issue in total of SAR600 million, the Company would like to note that all due diligence studies are about to be completed and the financial consultant managing the right issue (HSBC) is still on the process of completing the right issue file in order to be submitted to the CMA. The Company will announce any new developments in due time.

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.