Tuesday, 17 May 2022

Sadirat Amends Capital Increase Request File to Reduce Capital, then Be Increased

Saudi Industrial Exports Company (Sadirat) announced on Tuesday the modification of the file of the request to increase the company’s capital to reduce the company’s capital and then increase the company’s capital after the reduction and submit it to the Saudi Capital Market Authority for approval on Tuesday 18.01.2022.

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Al Khair Capital has been appointed financial advisor to manage the request for a reduction in the company’s capital and then to increase the company’s capital after the reduction. The Company will disclose any future developments in this regard.

This comes with reference to the company’s announcement dated 03.01.2021, which includes the disclosure of the filing of a request for an increase in the company’s capital by offering priority rights shares worth SR129,600,000.

The company’s announcement on 27.12.2021, which includes amending the Board’s recommendation to increase the company’s capital to the Extraordinary General Assembly to reduce the company’s capital and thereby increase the company’s capital after the reduction, the company concluded.

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