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Makkah Construction and Development Company announces the completion of the deposit of the shares received from Jabal Omar Development Company in exchange for settling the debt owed by Jabal Omar Company by issuing shares in the company
| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the company's announcement on the Tadawul website on 07/06/1445 AH corresponding to 20/12/2023 AD regarding the conclusion of a debt settlement agreement with Jabal Omar Development Company (the debtor) by issuing new shares in Jabal Omar Company in favor of Makkah Construction and Development Company. After obtaining the approval of the Extraordinary General Assembly of Jabal Omar Development Company, which was held on 02/05/1446 AH corresponding to 04/11/2024 AD, to grant Makkah Construction and Development Company shares in exchange for settling the debt. Makkah Construction and Development Company is pleased to announce the completion of the deposit of 14,411,776 shares of Jabal Omar Development Company in Makkah Construction and Development Company’s portfolio today, in implementation of the agreement signed between the two parties and referred to above, in exchange for settling the debt owed by Jabal Omar Development Company amounting to 309,564,950 Saudi Riyals. |
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 88.5
Net Change -2.5 (-2.75%)
Value Traded (Sar) 35,368,313.9
Volume Traded 396,762
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