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Saudi Cable Co. Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues
| Element List | Explanation |
|---|---|
| Introduction | With reference to Saudi Cable Company ’s announcement published on the Saudi Stock Exchange’s “Tadawul” website on 01/11/1445 corresponding to 09/05/2024 regarding the Board of Directors’ recommendation to increase its Capital by SAR 400,000,000 through Rights Issue, the Company announces the appointment of Al Bilad Capital as the financial advisor to manage the subscription of the capital increase by offering rights issue application. |
| Name of Financial Advisor | Al Bilad Capital |
| Financial Advisor Appointment Date | 2024-05-09 Corresponding to 1445-11-01 |
| Additional Information | Saudi Cable Company will make an announcement upon submitting the application of the Capital Increase by offering Rights Issue to the Capital Market Authority and any other material developments pertaining to the subject once occurring in accordance with the Capital Market Authority’s regulations and the Saudi Exchange’s (Tadawul) rules. In this regard, Saudi Cable Company's management thanks the financial companies that submitted pledge offers to cover the capital for their confidence in the company and its management, and wishes everyone success. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Company Performance
Key Parameters
Last Price 73.5
Net Change -1.7 (-2.26%)
Value Traded (Sar) 3,765,219.1
Volume Traded 50,850
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