With reference to the company’s announcement dated 04-15-1445 H corresponding to 10-30-2023 G regarding the recommendation of the Board of Directors to increase the company’s capital by offering rights shares at a value of 110,000,000 Saudi riyals, conditional on the approval of the relevant official authorities and the extraordinary general assembly, and with reference to the announcement The company dated 04-12-1445 H corresponding to 11-06-2023 G regarding the appointment of Afaq Capital Co. as a financial advisor to the company to manage the capital increase file.
Date of Submitting the Application File to CMA
2023-12-06 Corresponding to 1445-05-22
Application Subject
Request for approval to increase the capital by offering rights issue in the amount of 110.000.000 Saudi Riyals.
Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website
2023-10-30 Corresponding to 1445-04-15
Additional Information
The company will announce any future developments in this regard in due course.
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