The Board of Directors of Al-Samaani Factory for Metal Industries Company recommended a capital increase by offering priority rights shares worth 150 million riyals.
According to Arabiya Net, the company said in a statement that the reasons for the increase are to enable it to implement its strategic and operational plans and support the expansion of logistics services.
and indicated that the capital increase requires the approval of the relevant official authorities in addition to the extraordinary general assembly.
She added that it will be announced later when a financial advisor is appointed to manage the subscription for priority rights shares, when the capital increase application file is submitted to the Capital Market Authority and when there are any future developments. In this regard.
shareholders who own the shares will be eligible on the day of the extraordinary general assembly that decided to increase the capital by offering priority rights shares and whose names appear in the issuer's shareholders register at the Depository Center At the end of the second trading day following the date of the association.
and Tadawul had previously announced adding the shares of Al-Samaani Factory for Metal Industries, to TASI and the commercial and professional services sector index.
The company said in a statement to the Saudi Stock Exchange Tadawul that the company distributed 1.25 million riyals over 2.5 million shares, bringing the share of profits to about 0.5 riyals per share. / p>
and the eligibility for cash distributions to shareholders who own shares will be on the day of entitlement and are registered in the company's shareholders register at the Depository Center at the end of the second trading day following the day of the company's general assembly, which will be announced. About it later.
