Takween Advanced Industries Co. — Capital/Financing Update 2016

Mar 24, 2016

ADDENDUM ANNOUNCEMENT FROM TAKWEEN ADVANCED INDUSTRIES RELATED TO THE RECOMMENDATION OF THE BOARD OF DIRECTORS TO INCREASE THE COMPANY'S CAPITAL THROUGH OFFER OF RIGHTS ISSUE

1201 · 24/03/2016 15:43:50 · Announcement #41725 · View on Saudi Exchange

ADDENDUM ANNOUNCEMENT FROM TAKWEEN ADVANCED INDUSTRIES RELATED TO THE RECOMMENDATION OF THE BOARD OF DIRECTORS TO INCREASE THE COMPANY'S CAPITAL THROUGH OFFER OF RIGHTS ISSUE

Further to the announcement on 17-12-2015 regarding the recommendation of the Board of Directors to increase the company’s capital through offering a rights issue with a total value of SAR 600 Millions, the company would like to draw your kind attention that all related studies have reached an advanced stage. The Financial Advisor, HSBC Saudi Arabia Limited, is working continuously on the CMA requirements to submit the capital increase application. Further developments in this regard will be announced later 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.