Saudi Advanced Industries Company announces the latest developments of one of its associate companies regarding the offering process in the main financial market
- Date : 2023-04-03
| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement of the Saudi Advanced Industries Company on the Tadawul website on 05/06/2022 AD, the Saudi Advanced Industries Company announces that one of its associate companies, Deutsche Gulf Finance Company, in which the Saudi Advanced Industries Company owns a share of (31.62%) of its capital, has appointed Al Bilad Capital as an advisor Financial for the offering process in the main financial market in accordance with the applicable registration and listing rules.
It is worth noting that this comes as part of the efforts made by the Saudi Advanced Industries Company to urge and push associate companies to list their shares in the financial market whenever possible, as this has a positive impact on shareholders’ rights and the company’s financial position. |
| Previous Announcement | The Saudi Advanced Industries Company announces that one of its associate companies has obtained preliminary approval for offering in the main financial market |
| Date of Previous Announcement on Tadawul’s Website | 2022-06-05 Corresponding to 1443-11-06 |
| Percentage of fulfilled achievement | There is no |
| Event’s Expected Completion Date | There is no |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no |
| Impact of the Delay on the Company’s Financial Results | There is no |
| Additional Information | There is no |