Wafrah for Industry and Development Co. — Capital/Financing Update 2021

Jul 25, 2021

Wafrah for Industry and Development Co. Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues

2100 · 25/07/2021 08:11:16 · Announcement #64231 · View on Saudi Exchange

Wafrah for Industry and Development Co. Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues

Element List	Explanation
Introduction	With reference to the announcement by Wafrah for Industry and Development Co. on 23-05-2021, corresponding to 11-10-1442, concerning the Board of Directors’ recommendation to increase company's capital by offering rights issue shares, the company is pleased to announce the appointment of a financial advisor to manage the increase of the company’s capital by offering Rights issue shares
Name of Financial Advisor	Aljazira Capital
Financial Advisor Appointment Date	2021-07-15 Corresponding to 1442-12-05
Reason for Replacing Financial Advisor	N/A
Additional Information	The company will announce when submitting the capital increase application file to the Capital Market Authority and whenever there are any future developments in this regards.

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