IssuerAnnouncementDetailsV2Portlet
Actions
Development Works Food Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA
| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement of Development Works Food Co. on 05-05-1443 AH corresponding to 09-12-2021 AD related to the Board of Directors’ recommendation to increase the company’s capital through a rights issue of (216,000,000) Saudi riyals, conditional on obtaining the approval of the relevant official authorities and the Extraordinary General Assembly. Development Works Food Co. announces that it submitted today, Monday 26-12-1443 AH corresponding to 25-07-2022 AD, the application file for approval of the capital increase, to the Capital Market Authority. Noting that Yaqeen Financial Company (Yaqeen Capital) has been appointed as a financial advisor to manage the subscription for the rights issue in accordance with the company's announcement on 22-05-1443 AH corresponding to 26-12-2021 AD, and the company will announce later any developments in this regard. |
| Date of Submitting the Application File to CMA | 2022-07-25 Corresponding to 1443-12-26 |
| Application Subject | Increasing the company's capital by offering priority rights shares with a value of (216,000,000) Saudi riyals. |
| Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website | 2021-12-09 Corresponding to 1443-05-05 |
| Additional Information | Any developments in this regard will be announced later. |
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.
Share
Company Performance
Key Parameters
Last Price 119.4
Net Change -2.2 (-1.81%)
Value Traded (Sar) 8,498,472.2
Volume Traded 70,821
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions