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Riyadh Cables Group Co. announcement regarding receiving a letter form one of its major shareholders to transfer 7.4 Million shares to portofolio of its sister company
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RIYADH CABLES
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1445/12/03 09/06/2024 08:00:30
| Element List | Explanation |
|---|---|
| Announcement Detail | Riyadh Cable Group Company announces that it has received a letter from A.K Almuhaidib & Sons (CJSC) , a major shareholder with a 23.985% stake in the company, stating its desire to reorganize and its investment portfolio through transferring 7,400,000 of the company’s shares (representing 4.93% of the shares of Riyadh Cables Group) from A.K. AlMuhaidib & sons Company portfolio to AlMuhaidib Holding (LLC) portfolio a sister company of A.K Almuhaidib & Sons Co. This transfer will result in a change in the shareholding percentage of a major shareholder in Riyadh Cable Group Company. |
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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