| Element List | Explanation |
|---|---|
| Introduction | With reference to its announcement dated 10/08/2021 regarding the Board of Directors’ recommendation dated on 09/08/2021 to increase capital by offering rights issue, Methanol Chemicals Company announces that it has submitted on Monday 27/02/1443 H corresponding to 04/10/2021, the Application File for such increase to the Capital Market Authority for approval. Noting that Al Wasatah Al Maliah Company (Wasatah Capital) has been appointed as the financial advisor for the offering. The company will announce later any developments in this regard. |
| Date of Submitting the Application File to CMA | 2021-10-04 Corresponding to 1443-02-27 |
| Application Subject | Increasing the Company capital by offering of rights issue in the amount of Saudi Riyals 550,491,370. |
| Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website | 2021-08-10 Corresponding to 1443-01-02 |
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.