Addendum Announcement from Al Kathiri Holding Co. in regards to Al Kathiri Holding Co. Announces the Results of the Extra Ordinary General Assembly’s Meeting Approving Increase ( First Meeting )

IntroductionFollowing the announcement by Al Kathiri Holding Company, which was published on Tadawul on 19 Safar 1442 AH corresponding to 06 October 2020 AD, regarding the announcement of the results of the Extraordinary General Assembly meeting that included approval to increase the company’s capital (first meeting). The company wishes to clarify the following:
Date of Posting the Previous Announcement of Development on Tadawul’s Website2020-10-06 Corresponding to 1442-02-19
URL of the Previous AnnouncementClick Here
Change on the DevelopmentThe company would like to clarify the following:1- The percentage change in capital after the increase is 100%2- The percentage of increase for each share is 1 increase per share.3- The offer value per share is 10 SR per share.4- The nominal value of the offered shares is 10 SR per share.5- The number of shares offered is 4,520,880 ordinary shares.
Financial Impact on the changeThere is no
Additional InformationThere is no