| Element List | Explanation |
|---|---|
| Announcement Detail | Based on the letter received by Al Yamamah Steel Industries Company from Al Yamamah Company for Reinforcing Steel Bars (a subsidiary, a closed joint stock company) stating that its Board of Directors has recommended raising the company’s capital by an amount of SAR 300 million through the offering of Rights Issue Shares (knowing that its current capital amounts to SAR 300 million), in order to proceed with the steel billet factory project. This will be achieved by issuing an additional 25 million shares at a price of SAR 12 per share, and offering them to the company's shareholders for subscription, after obtaining the approvals of the |
relevant authorities..
The subsidiary has requested Al Yamamah Steel Industries Company to confirm its potential participation in contributing to the capital increase subscription.
The Board of Directors of Al Yamamah Steel Industries Company resolved by circulation on November 13, 2025, in accordance with Article (22) of the company's Articles of Association and after due examination, to participate in the subscription of 6.3 million Rights Issue Shares in the subsidiary company at a price of SAR 12 per share, for a total amount of SAR 75,600,000, to be financed from the company's own resources, Al Yamamah Steel Industries Company’s share in Al Yamamah Company For Reinforcing Steel Bars (the subsidiary) will become 51% after raising its capital, which requires the subsidiary company to obtain the approvals of the relevant authorities.
* We would like to inform you that the current shareholding of Al Yamamah Steel Industries Company in the subsidiary is 72.5% before the increase in the subsidiary's capital.
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.