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ActionsThe Saudi Exchange announces that the fluctuation limits for Saudi Paper Manufacturing Co. will be based on a share price of SAR 71.00
Saudi Paper Manufacturing Co. EGM held on Thursday 25/04/2024G has approved the capital increase via bonus shares. Thus, the fluctuation limits on Sunday 28/04/2024G for Saudi Paper Manufacturing Co. will be based on a share price of SAR 71.00 and the outstanding orders will be canceled. Furthermore, the Securities Depository Center (Edaa) will deposit the additional shares into the investor’s portfolios by Tuesday 30/04/2024G.
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CMA Announces the Approval of Qassim Cement Co. request to increase its capital to acquire Hail Cement Co. through securities exchange offer and the approval of publication the offer timetable, and the offer document to the shareholders of Hail Cement Co.
The CMA announces the issuance of its resolution approving Qassim Cement Co. request to increase its capital from SAR 900,000,000 to SAR 1,105,590,000 by issuing 20,559,000 ordinary shares to acquire Hail Cement Co. through a securities exchange offer. Qassim Cement Co. capital increase shareholder circular will be published within sufficient time before the Extraordinary General Assembly Meeting. The shareholder circular must include all relevant information that the shareholders need to know before making an informed decision when voting on the capital increase for the purpose described, including the increase in capital and risk factors. The CMA resolution included the approval of the proposed offer timetable, as well as the approval of the publication of the offer document by Qassim Cement Co.to Hail Cement Co. shareholders through a securities exchange offer. The offer document of Qassim Cement Co. will be published to Hail Cement Co. shareholders to acquire all their shares in Hail Cement Co. within sufficient time before the Extraordinary General Assembly Meeting of Hail Cement Co. The offer document must include all relevant information that the shareholders need to know before making an informed decision when voting on the offer, including the offer information and risk factors. If the shareholders of Qassim Cement Co. approved the capital increase, and the shareholders of Hail Cement Co. accepted the offer in their Extraordinary General Assembly Meetings, the new shares will be issued to Hail Cement Co. shareholders who are registered in the shareholders’ registry at the Securities Depository Center Company and the shares of Hail Cement Co. will be delisted from the Saudi Stock Exchange after the acquire decision becomes effective. A voting decision without reading the shareholders circular and the offer document carefully and reviewing its content may involve high risks. Therefore, the shareholders should carefully read the shareholders circular and the offer document to be able to reach a proper voting decision. If the shareholders circular and offer document prove difficult to understand, it is recommended to consult with an authorized financial advisor. The CMA’s approval should never be considered as an endorsement of the acquisition’s feasibility. The CMA's approval of the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
15/05/2024 16:56:04 -
The Capital Market Authority approves the capital increase request Saudi Ceramic Company through the issuance of bonus shares
The CMA has issued its resolution approving Saudi Ceramic Company's request to increase its capital from SAR (800,000,000) to SAR (1,000,000,000) through issuing (1) bonus share for every (4) existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the Company's board, such increase will be paid by transferring an amount of SAR (200,000,000) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (80,000,000) shares to (100,000,000) shares, by an increase of (20,000,000) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.
14/05/2024 16:50:50 -
The Capital Market Authority approves the capital increase request Riyadh Steel Company through the issuance of bonus shares
The CMA has issued its resolution approving Riyadh Steel Company's request to increase its capital from SAR (50,000,000) to SAR (70,000,000) through issuing (4) bonus shares for every (10) existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the Company's board, such increase will be paid by transferring an amount of SAR (20,000,000) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (5,000,000) shares to (7,000,000) shares, by an increase of (2,000,000) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.
14/05/2024 16:49:23 -
The Capital Market Authority approves the capital increase request for Bena Steel Industries Company through the issuance of bonus shares
The CMA has issued its resolution approving Bena Steel Industries Company’s request to increase its capital from SAR (50,000,000) to SAR (60,000,000) through issuing (1) bonus share for every (5) existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the Company's board, such increase will be paid by transferring an amount of SAR (10,000,000) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (5,000,000) shares to (6,000,000) shares, by an increase of (1,000,000) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.
13/05/2024 19:04:45 -
CMA Approves United International Transportation Company request to increase its capital to acquire all shares of Al-Jazira Equipment Company Limited, through its subsidiary Al Jozoor Al Rasekha Trucking Co.
The CMA announces the issuance of its resolution on 05/11/1445H corresponding to 13/05/2024G approving United International Transportation Company (“the Company”) request to increase its capital from SAR (711,666,680) to SAR (781,666،680) by issuing (7,000,000) ordinary shares to acquire all shares of Al-Jazira Equipment Company Limited, through its subsidiary Al Jozoor Al Rasekha Trucking Co. Shareholder circular related to United International Transportation Company capital increase will be published within sufficient time before the Extraordinary General Assembly Meeting. The shareholder circular must include all relevant information that the shareholders need to know before making an informed decision when voting on the capital increase for the purpose described, including the increase in capital and risk factors. A voting decision without reading the shareholders circular and carefully reviewing its content may involve high risks. Therefore, the shareholder should carefully read the shareholders circular to be able to reach a proper voting decision. If the shareholders circular proves difficult to understand, it is recommended to consult with an authorized financial advisor. The CMA's approval of the Company's request to increase its capital should never be considered as an endorsement of the increase in capital for the aforementioned purpose feasibility. The CMA's approval of the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
13/05/2024 19:02:06