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Addendum announcement from Ash-sharqiyah Development Company regarding to announcement of it`s directors Board ’recommendation to increase the company's capital by offering priority rights shares

SHARQIYAH DEV 6060 20.99% 19.14 3.32
Element List Explanation
Introduction With reference to the announcement of Ash-sharqiyah Development Company on TADAWUL platform on 15/05/1442 corresponding to 30/12/2020 AD, which was about the company's Directors board ’recommendation to increase the capital through the offering of priority rights shares, the company's management would like to clarify and disclose to all of its honorable shareholders about all projects which was incloude it The company's strategic plan, and have approved by the Directors Board
Date of Posting the Previous Announcement of Development on Tadawul's Website 2020-12-30 Corresponding to 1442-05-15
URL of the Previous Announcement Click Here
Change on the Development Ash-sharqiyah Development Company would like to announce to its honorable shareholders that according to the strategic and operational plan approved by the directors Board in the relentless pursuit of the advancement and development of the company and the maximum useful of the company's land , which in line with the Kingdom's agricultural development strategy and in line with the Kingdom's 2030 vision of sustainable development and food security, for that The company's management had working on obtaining a set of initial licenses in preparation for the implementation of its future development plans, which was announc on TADAWUL platform , on 05/09/1442 AH corresponding to 12/24/2020, and the company's future operational plan consists of the following projects:

1- Hydroponics for vegetable production (hydroponic)

2- Hydroponics for vegetable production and fish culture (Aquaponic)

3- Providing marketing services on behalf of others

4- Breeding and production of broiler mothers and operating their hatcheries

5- Poultry farming

6- Eggs production

7- Producing fresh poultry, rabbit and bird meat

Financial Impact on the change There isn`t any financial impact
Additional Information The company`s management would like to inform it`s honorable shareholders that it`s operational plan projects which the company aim to increase it`s capital to implemented , the company confirm that the details of the strategic and operational plans will be mentioned in the prospectus bulletin when it is published, God willing.

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