Ash-sharqiyah Development Company Announces the Distribution of Compensation to Right Issues Owners who did not Use their Rights to Subscribe to New Shares
| Element List | Explanation |
|---|---|
| Introduction | Ash-sharqiyah Development Company announces that they distribute the compensation amounts to the holders of priority rights who have not exercised their right to subscribe to the new shares |
| Compensation Distribution Date for Eligible Investors Who Did not Exercise Their Right to Subscribe and Those Eligible for Fractions | 2023-06-12 Corresponding to 1444-11-23 |
| Total Amount to be Distributed to Eligible Persons Who Did not Exercise Their Subscription Right and Those Eligible for Fractions | 26494583 |
| Method of Receiving the Compensation by Eligible Investors Who Did not Exercise Their Subscription Right and Those Eligible for Fractions | The Company will deposit the amounts in the bank accounts of eligible persons who did not exercise their right to subscribe to new shares . As for the eligible investors whose account information is not available or is incomplete they can contact the Inventors Relations Department by calling: +966 13 8099439 ETX 44
Or by email [email protected] |
| Name and Contact Information of the Entity in Charge of Deposit | Any questions or quires should be communicated to Inventors Relations Department by calling: +966 13 8099439 ETX 44
Or by email [email protected] |
| Additional Information | The management of Ash-Sharqiyah Development Company would like to clarify that there are amounts of compensation that it was unable to transfer to the beneficiaries as a result of the lack of sufficient information about the beneficiaries' account numbers, in addition to the presence of some errors in the data delivered to the company for the beneficiaries of compensation. Also There are a beneficiaries of compensation from share certificate holders for whom the company was unable to implement transfers. |
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