Wafrah for Industry and Development Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA
| Element List | Explanation |
|---|---|
| Introduction | Wafrah for Industry and Development Co. announces the submission of the increase of the Company’s capital by offering right issues application file to CMA. |
| Date of Submitting the Application File to CMA | 2021-12-01 Corresponding to 1443-04-26 |
| Application Subject | With reference to the announcement of Wafrah for Industry and Development Co. on 11-10-1442 H Corresponding to 23-05-2021 G, relating to the recommendation of the Board of Directors to increase Company share capital by amount of SAR 154,340,700 to bring the share capital from SAR 77,170,350 to SAR 231,511,050 by offering rights issue shares 15,434,070 new ordinary shares.
Subject to the approval of the relevant official authorities and the Extraordinary General Assembly.
Wafrah for Industry and Development Co. announces the submission of the application file of the increase of the Company’s Capital by offering right issues to the Capital Market Authority on 26/04/1443, Corresponding to 01/12/2021 G |
| Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website | 2021-05-23 Corresponding to 1442-10-11 |
| Additional Information | Any developments in this regard will be announced later |
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