Saudi Arabian Amiantit Co. Announces the Specification of the Period for Right Issues Trading and New Shares Subscription

Saudi Arabian Amiantit Co. Announces the Specification of the Period for Right Issues Trading and New Shares Subscription

25 February 2024 08:03 AM

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