| Element List | Explanation |
|---|---|
| Announcement Detail | Wataniya Insurance Company announces that it has received a letter (by e-mail) from E.A. Juffali and Brothers and SNIC Insurance Company, stating the following: |
1) Execute an Off-Market trading Transaction where SNIC Insurance Company sell 1,000,000 shares with a percentage of 2.5% from Wataniya’s Capital to E.A. Juffali and Brothers at (SR. 16.5 per share) with Total Value of SR. 16,500,000 only.
2) SNIC Insurance Company’s shares diluted from 27.5% to 25% from Wataniya’s Capital.
3) E A Juffali & Brothers shares increased from 8.63% to 11.12% from Wataniya Insurance Capital.
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.