| Previous Announcement |
The Board of Directors’ recommendation dated 09/06/1445 AH corresponding to 03/16/2024 AD to the General Assembly to distribute part of the Saudi Advanced Industries Company’s share in Obeikan Glass Company, which is equivalent to (300,000) shares, to the shareholders of the Saudi Advanced Industries Company. |
| Date of Previous Announcement on Saudi Exchange’s Website |
2024-03-17 Corresponding to 1445-09-07 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website |
Click Here |
| Latest Developments Of The Announced Event |
The Board of Directors issued a decision on 09/10/1445 AH, corresponding to 03/20/2024, to cancel the Board of Directors’ recommendation issued on 09/06/1445 AH, corresponding to 03/16/2024 AD, due to the difficulty of distributing Obeikan Glass Company shares to shareholders who are not eligible for trading in the market. Parallel (Nomu). |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
NA |
| Additional Information |
The Board of Directors’ recommendation to the General Assembly of Shareholders was amended to distribute cash dividends to shareholders for the fiscal year 2023, equivalent to the share per share of Obeikan Glass Company stock dividends. |
