Saudi Real Estate 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 Company’s announcement on Tadawul in 08/05/1443 (12/12/2021) regarding the announcement of an update to the board’s recommendation to increase the capital by the offering rights issue to be with a total of (1,593,000,000) Saudi Riyals,
The Company hereby announces that it submitted the capital increase file to the Capital Market Authority on 10/05/1443 (14/12/2021). |
| Date of Submitting the Application File to CMA | 2021-12-14 Corresponding to 1443-05-10 |
| Application Subject | Increasing the Company's capital by offering rights issues shares amounting (1,593,000,000) Saudi Riyals. |
| Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website | 2021-12-12 Corresponding to 1443-05-08 |
| Additional Information | The capital increase is subject to the applicable regulatory approvals, including the approval of the Company’s extraordinary general assembly.
The Company will announce any material developments as required by applicable rules. |
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