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Saudi Reinsurance Company announces the latest developments on the publication of the share issuance with suspension of preemptive rights prospectus
8200
SAUDI RE
-0.92
%
1446/06/29 30/12/2024 15:38:39
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Saudi Reinsurance Company (the "Company") published on the Saudi Exchange (Tadawul) website on 02/06/1446H (corresponding to 03/12/2024G) in relation to the publication of the share issuance with suspension of preemptive rights prospectus, and with reference to the expected timeline for disbursement of the net proceeds from the offering, which were anticipated to be disbursed in the fourth quarter of 2024, and in light of the subscription that has just occurred on 29/06/1446H (corresponding to 30/12/2024G), the Company announces that it expects the disbursement of the proceeds, specified in the prospectus, during the first quarter of 2025. |
| Previous Announcement | Saudi Reinsurance Company announces the publication of the share issuance with suspension of preemptive rights prospectus |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-12-03 Corresponding to 1446-06-02 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | the Company announces that it expects the disbursement of the proceeds, specified in the prospectus, during the first quarter of 2025. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | N/A |
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 48.5
Net Change -0.45 (-0.92%)
Value Traded (Sar) 18,448,492.05
Volume Traded 379,122
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