Yanbu Cement Co. — Capital/Financing Update 2021

Apr 5, 2021

Yanbu Cement Company announces the latest updates on the Board of Directors’ recommendation to Decrease the company's capital

3060 · 05/04/2021 16:02:53 · Announcement #62666 · View on Saudi Exchange

Yanbu Cement Company announces the latest updates on the Board of Directors’ recommendation to Decrease the company's capital

Element List	Explanation
Introduction	With reference to the Yanbu Cement Company announcement published on Tadawul on January 31, 2021, regarding the Board of Directors’ recommendation to decrease the company's capital. The Board of Directors has decided, on Monday 05 April 2021, to postpone the recommendation to decrease the capital, in line with the private sector partnership reinforcement program launched by His Royal Highness the Crown Prince, - may Allah protect him - and to benefit from the company's solvency to support the objectives of this program and invest in promising local investment opportunities.
Previous Announcement	Yanbu Cement Company announcement: The Board of Directors’ recommendation to decrease the company's capital
Date of Previous Announcement on Tadawul's Website	2021-01-31 Corresponding to 1442-06-18
Percentage of fulfilled achievement	Not Applicable
Event's Expected Completion Date	Not Applicable
Reasons for Exceeding the Announced End Date	Not Applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not Applicable
Impact of the Delay on the Company's Financial Results	Not Applicable
Additional Information	postpone the recommendation of the Board of Directors to decrease the capital.

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