| Element List | Explanation |
|---|---|
| Introduction | With reference to The National Agricultural Development Company’s (NADEC) (the “Company”) announcement on 13/09/1444H. (corresponding to 04/04/2023G.) related to the recommendation of its board of directors to increase the Company's capital by offering rights issue at a value of (2,000,000,000) Saudi Riyals, conditional on obtaining the approval of the relevant official authorities and the extraordinary general assembly. |
The National Agricultural Development Company (NADEC) announces its submission on Monday 23/11/1444H. (corresponding to 12/06/2023G.) the application file to the Capital Market Authority (CMA) for the approval to increase the Company's capital by offering of rights issue.
It is worth mentioning that Riyad Capital was appointed as the financial advisor for the offering to manage the subscription in the offering of issues rights. The Company will announce any developments in this regard in due course.
In case of any inquiries, please contact with the department of Investor Relations on:
Telephone No: 0112027830
Email: IR@nadec.com.sa
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