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Corrective announcement from Taqaddam International for Communications and Information Technology Company regarding inviting its shareholders to attend the Extraordinary General Assembly meeting to include the company's capital increase (first meeting)
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website | 2023-05-30 Corresponding to 1444-11-10 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | Paragraph (a) of Item No. (13) of the agenda A- Increasing the company’s capital from (25,000,000) twenty-five million Saudi riyals to (32,000,000) thirty-two million Saudi riyals, with an increase in the capital (28%), and increasing the number of shares from (2,500,000) two One million five hundred thousand shares to (3,200,000) three million two hundred thousand shares, and this increase is covered by capitalizing an amount of (7,000,000) seven million Saudi riyals from the retained earnings account, provided that (1) free share is granted to each shareholder He owns (3) shares and the reasons for the increase are to enhance the strategic growth plan and the needs and aspirations of future expansions and to confirm its financial solvency and the strength of its financial position. Securities Depository Center Company (edaa Center) at the end of the second trading day following the maturity date In the event that there are fractional shares, they will be collected in one portfolio for all shareholders, sold at the market price, and then its value will be distributed among the shareholders eligible for the grant, each according to his share, within a period not exceeding 30 days from the date of determining the shares due to each shareholder. |
| Correct Statement | Paragraph (a) of Item No. (13) of the agenda A- Increasing the company’s capital from (25,000,000) twenty-five million Saudi riyals to (32,000,000) thirty-two million Saudi riyals, with an increase in the capital (28%), and increasing the number of shares from (2,500,000) two One million five hundred thousand shares to (3,200,000) three million two hundred thousand shares, and this increase is covered by capitalizing an amount of (7,000,000) seven million Saudi riyals from the retained earnings account, provided that (1) free share is granted to each shareholder He owns (3.571428571) shares and the reasons for the increase are to enhance the strategic growth plan and the needs and aspirations of future expansions and to confirm its financial solvency and the strength of its financial position. Securities Depository Center Company (edaa Center) at the end of the second trading day following the maturity date In the event that there are fractional shares, they will be collected in one portfolio for all shareholders, sold at the market price, and then its value will be distributed among the shareholders eligible for the grant, each according to his share, within a period not exceeding 30 days from the date of determining the shares due to each shareholder. |
| Attached Documents |  |
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 75.0
Net Change 4.0 (+5.63%)
Value Traded (Sar) 353,184.3
Volume Traded 4,834
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