Addendum Announcement from Al Hassan Ghazi Ibrahim Shaker Co. in regards to the Board of Directors' recommendation to increase the company's capital by granting bonus shares

Addendum Announcement from Al Hassan Ghazi Ibrahim Shaker Co. in regards to the Board of Directors' recommendation to increase the company's capital by granting bonus shares



13 February 2024 08:01 AM

Element List

Explanation

Introduction

Further to the company's announcement published on Tadawul website on 29-05-1445H corresponding to 13-12-2023G regarding the Board of Directors' recommendation to increase the company's capital by granting shares and the corrective announcement dated 04-07-1445H corresponding to 16-01-2024G, Al Hassan Ghazi Ibrahim Shaker Company would like to clarify that the Capital Market Authority has approved the Board of Directors' recommendation to increase the company's capital, as published on the Capital Market Authority website on 02-08-1445H corresponding to 12-02-2024G, and the grant is conditional on obtaining the approval of the official authorities and the General Assembly. Extraordinary on the capital increase and the number of shares granted.

Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website

2023-12-13 Corresponding to 1445-05-29

Hyperlink to the Previous Announcement

Click Here

Change on the Development

Obtaining the approval of the Capital Market Authority to increase the Company's capital by bonus shares

Financial Impact on the change

Not applicable.

Addendum Announcement from Al Hassan Ghazi Ibrahim Shaker Co. in regards to the Board of Directors' recommendation to increase the company's capital by granting