Mayar Holding Company announces a request to withdraw the file to increase the company’s capital by offering priority shares from the Capital Market Authority to complete the requirements, resubmit the application again, and announce the relevant developments in a timely manner
| Element List | Explanation |
|---|---|
| Introduction | With reference to Mayar Holding Company’s announcement dated 07/09/1445 H corresponding to 01/21/2024 G - regarding the request to withdraw the file of increasing the company’s capital by issuing priority rights shares from the Capital Market Authority to complete some requirements and resubmit the request again.
Mayar Holding Company would like to announce to shareholders the decision of the Board of Directors dated 11/21/1445 H corresponding to 05/29/2024 G to postpone the Board’s recommendation to the Extraordinary General Assembly regarding increasing the company’s capital by issuing priority rights shares. |
| Previous Announcement | Mayar Holding Company announces a request to withdraw the file to increase the company’s capital by offering priority shares from the Capital Market Authority to complete the requirements, resubmit the application again, and announce the relevant developments in a timely manner |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-01-21 Corresponding to 1445-07-09 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Postponing the Board of Directors’ recommendation to the Extraordinary General Assembly to increase the company’s capital by offering rights shares at a value of (110,000,000) Saudi riyals at the present time to re-examine it more widely in light of the current changes and the company’s future needs. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | Any changes will be announced in due course. |
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