| Element List | Explanation |
|---|---|
| Action Type | Increase |
| Introduction | The National Agricultural Development Co. NADEC, is pleased to announce to its shareholders the deposit of proceeds received from the sale of fractional shares resulting from the capital increase approved by the Extraordinary General Assembly Meeting held on 05th May 2020 into the accounts of eligible shareholders as follows: |
| Fractional Shares Selling End Date | 2020-05-31 Corresponding to 1441-10-08 |
| Number of Sold Shares | 6196 |
| Fractional Shares Sales Revenue | 140678.96 |
| Average Selling Price per share | 22.71 |
| Date of Depositing Fractional Shares Sales Revenue in the Bank Accounts of Eligible Investors | 2020-07-23 Corresponding to 1441-12-02 |
| Name of /Method of Contacting the Entity in Charge of Distributing the Fractional Shares Sales Revenue | The proceeds from the sale of fractional shares will be distributed through SABB Bank by depositing the proceeds of selling the fractional shares in the bank accounts linked to the investment portfolios of the eligible shareholders, which are the shareholders of the shares of Nadec Company on 12/09/1441 (corresponding to 05/05/2020) who are registered in the register of shareholders of Nadec Company at the Depository Center at the end of the second trading day following said date. |
| Additional Information | For any inquire please contact Investor Relations at |
P: +966 11 2027777 EXT: 17830,17540
F: +966 11 2027888
Email:
Shareholdrs.Relations@NADEC.com.sa
P.O.Box 2557 Riyadh 11461
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.