| Element List | Explanation |
|---|---|
| Introduction | Wataniya Insurance Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues |
| Date of Board Meeting | 2021-09-16 Corresponding to 1443-02-09 |
| Target Amount | 200000000 |
| Reasons for the increase | To support the company's future plans and solvency margins position. |
| Eligibility date | Shareholders holding shares on the date of the Extraordinary General Assembly meeting in which capital increase through the issuance of right issues was resolved whose names so appear in the register of the Issuer's Shareholders at the Depository Center at the end of the second trading day following the date of the General Assembly's Meeting. |
| Approvals | Subject to Saudi Central Bank and Capital Market Authority and other regulatory authorities approvals in addition to Extraordinary General Assembly approval |
| Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA | The appointment of the Financial Advisor and submission of the capital increase application file to CMA will be announced later |
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.