Raydan Food Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Raydan Food Company on 20-01-1442 AH corresponding to 08-09-2020 AD regarding the recommendation of the Board of Directors to increase the company's capital by offering rights issues of (112,500,000) SAR, subject to the approval of the relevant official authorities and the Extraordinary General Assembly .
Raydan Food Company announces its submission on Wednesday, 15-05-1442 AH corresponding to 30-12-2020 AD, a requesting approval of the capital increase to the Capital Market Authority. Note that Falcom Financial Services Company has been appointed as a financial advisor to manage the subscription in the offering of issues rights. The company will announce later any developments in this regard. |
| Date of Submitting the Application File to CMA | 2020-12-30 Corresponding to 1442-05-15 |
| Application Subject | Increase of the company’s capital by offering rights issues with (112,500,000) SAR |
| Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website | 2020-09-08 Corresponding to 1442-01-20 |
| Additional Information | Any developments in this regard will be announced later |
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