Saudi Arabian Amiantit Co. Announces the Specification of the Period for Right Issues Trading and New Shares Subscription
| Element List | Explanation |
|---|---|
| Introduction | Saudi Arabian Amiantit Company Announces determining of the period for the Right Issues Trading and New Shares Subscription Period. |
| Right Issuses and New Shares Subscription Period Start Date | 2024-02-27 Corresponding to 1445-08-17 |
| Right Issues Trading Period End Date | 2024-03-05 Corresponding to 1445-08-24 |
| New Shares Subscription Period End Date | 2024-03-10 Corresponding to 1445-08-29 |
| Trading Right Issues and Subscription to New Shares | Right holders may exercise their subscription right, in whole or in part, to the new shares in proportion to the rights existing in their portfolios. For registered shareholders and new investors, trading of the rights and subscription to the new shares shall be pursuant to the details set forth in the prospectus. |
| Details on Remaining Offering | Should there be unsubscribed shares after the end of the subscription period, the said shares and fractional shares (if any) will be offered to institutional investors in accordance with the details set forth in the prospectus. The underwriter "Wasatah Capital" will underwrite the new shares which remain unsubscribed for after the rump offering. |
| Notification for Investors not Willing to Subscribe | Investors who do not wish to subscribe should note the importance of selling their rights during the specified trading period; so as not be exposed to a loss in the value of their investment portfolios as a result of not benefiting from their rights by sale or subscription. |
| For Daily Fluctuation in Right Issues Closing Prices during Rights Trading Period | Click Here |
| For the Indicative Value of the Right | Click Here |
| For Further Details on the Mechanism of Right Issues Trading and Subscription to New Shares | Click Here |
| For the Prospectus of Company’s Capital Increase through the Issuance of Right Issues | Click Here |
| Additional Information | Eligible shareholders are those who own shares at the end of the trading day of the Extraordinary General Assembly and whose names appear in the Company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the day of the Extraordinary General Assembly which was held on 10/08/1445H (corresponding to 20/02/2024G).
The company notes the importance of reading the prospectus carefully and completely before making any investment decision related to the rights or new shares.
Any questions or quires should be communicated to Inventors Relations Department by calling:
Tel: 013-8471500 Extn. 1117
Or by email : [email protected] |
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