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| Announcement Detail | Al Yamamah Steel Industries Company announces that on November 4,2025, corresponding to Tuesday it has received a notice from the shareholder / AbdulQader Al Muhaidb & Sons Company (a closed joint stock company) as one of the largest shareholders in the company, which owns 8.038% of the shares of Al Yamamah Steel Industries Company, |
stating its desire to reorganize and structure its investment portfolios, by transferring 2,400,000 shares (representing about 4.724% of the shares of Al Yamamah Steel Industries Company) from its investment portfolio to the portfolio of Al Muhaidib Holding Company (a limited liability company), which is one of the subsidiaries of AbdulQader Al Muhaidib & Sons Company. This transfer will result in a change in the ownership of one of the major shareholders in Al Yamamah Steel Industries Company.
This will result in a change to the list of major shareholders of Al Yamamah Steel Industries Company on Tadawul website.
The shareholder obtained the approval of Capital Market Authority to transfer securities without the execution of a transaction based on subparagraph (m) of paragraph (2) of Article 36 of the rules of the Securities Depository Center.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.