Takween Advanced Industries Co. — Major Shareholding Notification 2016

Oct 11, 2016

Takween Advanced Industries Co. announces Development on Subscription of Major Shareholders in the Rights Issue Shares

1201 · 11/10/2016 09:26:50 · Announcement #44030 · View on Saudi Exchange

Takween Advanced Industries Co. announces Development on Subscription of Major Shareholders in the Rights Issue Shares

Reference to the Takween Advanced Industries Rights Issue prospectus published on 24/12/1437H (corresponding to 25/09/2016G), the Company announces that both Abdulrahman Saleh Al Rajhi and Partners Company Limited and Khalid Abdulrahman Al Rajhi have completed the procedures to transfer their rights entitlements, amounting to a total of 9,832,240 rights, to other investors on 09/01/1438H (corresponding to 10/10/2016G) and therefore have not subscribed to the rights issue shares allocated to them.

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.