2110 · 12/05/2024 08:19:51 · Announcement #79946 · View on Saudi Exchange

Addendum announcement from Saudi Cable Company Regarding Appointing an Underwriter and a Financial Advisor to Increase Capital by Offering Rights Issues

Element ListExplanation
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2024-05-09 Corresponding to 1445-11-01
Hyperlink to the Previous Announcement Click Here
Change on the Development The appointment of Al Bilad Capital as an underwriter, in addition to appointing him as a financial advisor to increase the capital by offering Rights Issues for four hundred million riyals (400,000,000) riyals at the nominal value of the share (ten riyals).

Saudi Cable Company will make an announcement upon submitting the application of the Capital Increase by offering Rights Issue to the Capital Market Authority and any other material developments pertaining to the subject once occurring in accordance with the Capital Market Authority’s regulations and the Saudi Exchange’s (Tadawul) rules, and in accordance with the financial restructuring proposal submitted to the Commercial Court in Jeddah. Financial Impact on the change Not applicable

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.