IssuerAnnouncementDetailsV2Portlet
Saudi Arabian Amiantit Co. Announces an update on Announcement of Saudi Arabian Amiantit Company related a material development in a company that owns 13% of its capital share.
Element List | Explanation |
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Introduction | Reference is made to the announcement of Saudi Arabian Amiantit Company on TADAWUL website on 18-02-1446H corresponding to 22-08-2024G of material developments in a company that owns 13% of its share capital amounting to SAR 80 million announced the submission of the East Gas Company's file to the Capital Market Authority for the private listing of 20% of its capital in the parallel market "Nomu" in preparation for the company's subsequent listing in the Nomu market. The company announces that it received yesterday evening, Sunday 05-12-1446H corresponding to 01-06-2025G, a letter from the Chairman of the Board of Directors of the East Gas Company stating that the Board of Directors of the East Gas Company has taken a decision to postpone its listing in the parallel market "Nomu" for practical reasons and to preserve the rights of shareholders and study other options for the success of the listing process. |
Previous Announcement | Announcement of Saudi Arabian Amiantit Company related a material development in a company that owns 13% of its capital share. |
Date of Previous Announcement on Saudi Exchange’s Website | 2024-08-22 Corresponding to 1446-02-18 |
Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
Latest Developments Of The Announced Event | The Board of Directors of East Gas Company has taken a decision to postpone its listing in the parallel market "Nomu" for practical reasons and to preserve the rights of shareholders and study other options for the success of the listing process. |
Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
Delay consequences on the Company’s financial results | Not applicable |
Additional Information | Any material developments 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.