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Jabal Omar Development Company Announces the Submission of the Application for the Increase of the Company’s Share Capital by Way of Debt Conversion to the Capital Market Authority
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JABAL OMAR
-2.28
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1445/09/24 03/04/2024 15:48:31
| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement of Jabal Omar Development Company (the “Company”) published on the website of the Saudi Stock Exchange (Tadawul) on 07/06/1445H corresponding to 20/12/2023G in relation to the recommendation of the Company’s board to increase its share capital by way of converting the outstanding debts owed to each of Central District Cooling Company (as the first creditor) and Makkah Construction and Development Company (as the second creditor), the Company announces the submission of the application file to increase its capital through debt conversion to the Capital Market Authority for its approval. |
| Date of Submitting the Application File to CMA | 2024-04-03 Corresponding to 1445-09-24 |
| Application Subject | The Company's capital increase by way of converting the outstanding debts owed to each of Central District Cooling Company (as the first creditor) and Makkah Construction and Development Company (as the second creditor), constituting a total amount of SAR (547,498,209). |
| Date of Announcing Board Recommendation to Increase the Company’s Capital By Debt Conversion on Saudi Exchange’s Website | 2023-12-20 Corresponding to 1445-06-07 |
| Additional Information | The Company will announce any further material developments in this respect in a timely manner as required under the relevant laws and regulations. |
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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Last Price 20.12
Net Change -0.47 (-2.28%)
Value Traded (Sar) 110,235,025.69
Volume Traded 5,389,124
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