Subsequent to the previous company announcement on Tadawul website on 16/4/1435 H corresponding to 16/2/2014 G relating to the proposal of capital increase, the company confirms that it is in the process of finalizing restructuring its obligations with its lenders, which it expects to complete before the end of 2nd Quarter 2014. On completion of the financial restructuring, and after meeting the necessary CMA requirements and other related official authorities, the company will initiate the process of applying to the CMA for the capital increase through a Rights Issue.
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