|Al Kathiri Holding Co. Announces the Board’s Recommendation to Increase the Capital by Offering Right Issues as follows:
|Date of Board Meeting
|2019-11-14 Corresponding to 1441-03-17
|Reasons for the increase
|Supporting the expansion of the company’s activities and providing working capital to enable the company to increase its operational capacity and support its future activities.
|Shareholders holding shares on the date of the Extraordinary General Assembly meeting in which capital increase through the issuance of right issues was resolved whose names so appear in the register of the Issuer’s Shareholders at the Depository Center at the end of the second trading day following the date of the General Assembly’s Meeting.
|Approvals of relevant official bodies and extraordinary general assembly
|Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA
|FALCOM Financial Services was appointed as Financial Advisor for the Offering on 14 November 2019
|This will be announced later when the capital increase application file is submitted to the Capital Market Authority and any future developments in this regard