Saudi Cable Company Announces the Submission of an Application File to Increase its Capital by Offering Rights Issue to the Capital Market Authority
| Element List | Explanation |
|---|---|
| Introduction | With reference to the Saudi Cable Company's (the “Company”) announcement published on the Saudi Stock Exchange's website (Tadawul) on 01/11/1445H (corresponding to 09/05/2024G), regarding the Company’s board of directors’ recommendation to increase the Company’s share capital by a total value of four hundred million (400,000,000) Saudi Riyals through the offering of rights issue shares, subject to obtaining the approval of the relevant official authorities and the approval of the extraordinary general assembly.
The Company would like to announce the submission of the application file to the Capital Market Authority, regarding the increase of its share capital through a rights issue offering, on 03/02/1447 H (corresponding to 28/07/2025 |
| Date of Submitting the Application File to CMA | 2025-07-28 Corresponding to 1447-02-03 |
| Application Subject | The increase of the Company's share capital from sixty-six million, seven hundred and twenty-nine thousand and sixty (66,729,060) Saudi Riyals to four hundred and sixty-six million, seven hundred and twenty-nine thousand and sixty (466,729,060) Saudi Riyals, by issuing rights issue shares for a total value of four hundred million (400,000,000) Saudi Riyals. |
| Date of Announcing Board Recommendation to Increase the Company’s Capital by offering rights issue on Saudi Exchange’s Website | 2024-05-09 Corresponding to 1445-11-01 |
| 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 pertaining to the subject in accordance with the Capital Market Authority’s regulations and the Saudi Stock Exchange’s (Tadawul) rules. |
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