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Saudi Fisheries Co. Announces Update on the Use of the Proceeds of Issuing Rights Issue

SFICO 6050 -0.52% 22.90 -0.12
Element List Explanation
Introduction In continuation of what was included in the rights ‎issue prospectus published on 16‎‏-‏‎02‎‏-‏‎2020, which ‎was annexed with the approval of the CMA to ‎increase the capital of the Saudi Fishery Company ‎by an amount of 298,900,000 Saudi Riyals on 30‎‏-‏‎01‎‏-‏‎2020, which included the company's disclosure ‎to the public on the website of the Saudi Capital ‎Market Authority (Tadawul) in case there is a ‎difference of 5% or more between the actual use of ‎the proceeds compared to what was disclosed in ‎the prospectus upon becoming aware of it. The ‎Saudi Fisheries Company announces the existence ‎of a difference of 5% or more
5% or More Deviation in the Actual Use of the Proceeds Compared to the Disclosure Made in the Prospectus and Reasons and Justification for the Deviation Attached
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