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ActionsThe Securities Depository Center (Edaa) Announces Implementing a Corporate Action on Jarir Marketing Co. Securities
The Securities Depository Center Company (Edaa) announces implementing a Stock split on Jarir Marketing Co. Securities resulted from adjusting the face value today, 15/11/1444H, corresponding to 04/06/2023G on the Center’s Accounts of eligible securities’ holders.
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CMA Announces the Approval of Public Offering of " GIB Saudi Small and Mid-Cap Equity Fund”
The CMA has issued its resolution approving the public offer, by "GIB Capital Company”, of "GIB Saudi Small and Mid-Cap Equity Fund”. An Investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the Terms and Conditions which includes detailed information on the Fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks. If the Terms and conditions proves difficult to understand, it is recommended to refer to the fund manager for more information. The CMA's approval of the fund should never be considered as a recommendation to subscribe in the fund, The CMA's approval of the fund merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
15/05/2024 20:13:38 -
CMA Announces the Approval of Qassim Cement Co. request to increase its capital to acquire Hail Cement Co. through securities exchange offer and the approval of publication the offer timetable, and the offer document to the shareholders of Hail Cement Co.
The CMA announces the issuance of its resolution approving Qassim Cement Co. request to increase its capital from SAR 900,000,000 to SAR 1,105,590,000 by issuing 20,559,000 ordinary shares to acquire Hail Cement Co. through a securities exchange offer. Qassim Cement Co. capital increase shareholder circular will be published within sufficient time before the Extraordinary General Assembly Meeting. The shareholder circular must include all relevant information that the shareholders need to know before making an informed decision when voting on the capital increase for the purpose described, including the increase in capital and risk factors. The CMA resolution included the approval of the proposed offer timetable, as well as the approval of the publication of the offer document by Qassim Cement Co.to Hail Cement Co. shareholders through a securities exchange offer. The offer document of Qassim Cement Co. will be published to Hail Cement Co. shareholders to acquire all their shares in Hail Cement Co. within sufficient time before the Extraordinary General Assembly Meeting of Hail Cement Co. The offer document must include all relevant information that the shareholders need to know before making an informed decision when voting on the offer, including the offer information and risk factors. If the shareholders of Qassim Cement Co. approved the capital increase, and the shareholders of Hail Cement Co. accepted the offer in their Extraordinary General Assembly Meetings, the new shares will be issued to Hail Cement Co. shareholders who are registered in the shareholders’ registry at the Securities Depository Center Company and the shares of Hail Cement Co. will be delisted from the Saudi Stock Exchange after the acquire decision becomes effective. A voting decision without reading the shareholders circular and the offer document carefully and reviewing its content may involve high risks. Therefore, the shareholders should carefully read the shareholders circular and the offer document to be able to reach a proper voting decision. If the shareholders circular and offer document prove difficult to understand, it is recommended to consult with an authorized financial advisor. The CMA’s approval should never be considered as an endorsement of the acquisition’s feasibility. The CMA's approval of the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
15/05/2024 16:56:04 -
The Capital Market Authority approves the capital increase request Saudi Ceramic Company through the issuance of bonus shares
The CMA has issued its resolution approving Saudi Ceramic Company's request to increase its capital from SAR (800,000,000) to SAR (1,000,000,000) through issuing (1) bonus share for every (4) existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the Company's board, such increase will be paid by transferring an amount of SAR (200,000,000) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (80,000,000) shares to (100,000,000) shares, by an increase of (20,000,000) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.
14/05/2024 16:50:50 -
The Capital Market Authority approves the capital increase request Riyadh Steel Company through the issuance of bonus shares
The CMA has issued its resolution approving Riyadh Steel Company's request to increase its capital from SAR (50,000,000) to SAR (70,000,000) through issuing (4) bonus shares for every (10) existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the Company's board, such increase will be paid by transferring an amount of SAR (20,000,000) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (5,000,000) shares to (7,000,000) shares, by an increase of (2,000,000) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.
14/05/2024 16:49:23 -
The Capital Market Authority approves the capital increase request for Bena Steel Industries Company through the issuance of bonus shares
The CMA has issued its resolution approving Bena Steel Industries Company’s request to increase its capital from SAR (50,000,000) to SAR (60,000,000) through issuing (1) bonus share for every (5) existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the Company's board, such increase will be paid by transferring an amount of SAR (10,000,000) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (5,000,000) shares to (6,000,000) shares, by an increase of (1,000,000) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.
13/05/2024 19:04:45