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Wafrah for Industry and Development Co. — Capital/Financing Update 2021
Dec 2, 2021
53299_rns_2021-12-02_6115bb81-eb84-4191-9616-d78928b24df4.html
Capital/Financing Update
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Wafrah for Industry and Development Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA
2100 · 02/12/2021 09:06:45 · Announcement #65822 · View on Saudi Exchange
Wafrah for Industry and Development Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA
| Element List | Explanation |
|---|---|
| Introduction | Wafrah for Industry and Development Co. announces the submission of the increase of the Company’s capital by offering right issues application file to CMA. |
| Date of Submitting the Application File to CMA | 2021-12-01 Corresponding to 1443-04-26 |
| Application Subject | With reference to the announcement of Wafrah for Industry and Development Co. on 11-10-1442 H Corresponding to 23-05-2021 G, relating to the recommendation of the Board of Directors to increase Company share capital by amount of SAR 154,340,700 to bring the share capital from SAR 77,170,350 to SAR 231,511,050 by offering rights issue shares 15,434,070 new ordinary shares. |
Subject to the approval of the relevant official authorities and the Extraordinary General Assembly.
Wafrah for Industry and Development Co. announces the submission of the application file of the increase of the Company’s Capital by offering right issues to the Capital Market Authority on 26/04/1443, Corresponding to 01/12/2021 G Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website 2021-05-23 Corresponding to 1442-10-11 Additional Information Any developments in this regard will be announced later
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.