Tuesday, 7 December 2021

Underwriter will be Al-Wasatah Capital

Maadaniyah Set Time-limit for Priority Rights’ Exchange, New Shares, as Well

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Trading period for the rights’ issue and subscription to new shares, is set to start on 12-09-2021, the National Metal Manufacturing and Casting company (Maadaniyah) announced.

Priority rights holders can exercise their right to subscribe (in whole or in part) in the new shares, up to the number of priority rights, in their portfolios, according to the company, and trading in priority rights and subscribing to new shares shall be governed by the prospectus, for registered shareholders as well as the new investors.

In terms of the remaining offering, the company has informed investors that if any unsubscribed shares remain, those shares and fractional shares (if any) will be offered to institutional investors as described, in the prospectus.

The underwriter for the offering process will be Al-Wasatah Capital, which has pledged to cover the National Metal Manufacturing and Casting Company’s priority rights, in the case shall  any unsubscribed shares, remain (uncovered).

Shareholders already possessing shares, on the day of the extraordinary general assembly on Tuesday,11/23/2021, shall be eligible.

For any furthermore questions, please contact investor relations at of 7:30 a.m. to 4:00 p.m., Monday through Friday, at the following numbers:

Phone: 0133588000 Ext. 218

Or e-mail: [email protected]

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