| Element List |
Explanation |
| Introduction |
AYYAN Investment Company Announces the Board of Directors' Recommendation for Capital increase by Offering Rights Issue |
| Date of Board Meeting |
2023-08-27 Corresponding to 1445-02-11 |
| Target Amount |
SAR. 200,000,000 |
| Reasons for the increase |
To enable the Company to implement its Operational Plans and to Support its working capital . |
| Eligibility date |
Shareholders holding shares on the date of the Extraordinary General Assembly meeting in which capital increase through the issuance of right issues was resolved whose names so appear in the register of the Issuer's Shareholders at the Depository Center at the end of the second trading day following the date of the General Assembly's Meeting. |
| Approvals |
The Approvals of the Relevant Official Authorities and the Extraordinary General Assembly. |
| Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA |
Alinma Investment has been appointed as a Financial Advisor for the Offering and to provide advice on the Capital increase and its restructuring and to prepare the relevant documents in accordance with the Regulatory requirements. An Announcement will be made when the Capital Increase request File is submitted to the Capital Market Authority for its approval. |
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