Saudi Advanced Industries Company (SAIC) announces that one of its associate companies has obtained intial approval to be offered in the main stock market
- Date : 2022-06-05
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| Announcement Detail | Saudi Advanced Industries Company (SAIC) is pleased to announce to its valued shareholders that one of its associate companies (Deutsche Gulf Finance Company), in which (SAIC) owns 31.62% of the capital, has obtained the initial approval of the Central Bank of Saudi Arabia to offer the company in the main financial market. Note that this approval is conditional on the company obtaining the final no-objection of the Central Bank of Saudi Arabia and the necessary approvals from the concerned authorities within a year from its date.
it is worth mentioning that this is among the efforts of Saudi Advanced Industries Company to urge and push the fellow companies to listing their shares in the financial market to reflect positive impact on the shareholders’ equity and the company’s financial position when possible, to list into Saudi Stock Market. |