Brand of the Saudi Industrial Growth Firm – Consider
The extraordinary normal meeting of the corporate accepted Saudi Industrial Growth – Sadaq Throughout its assembly final Thursday, the Board of Administrators really helpful growing the corporate’s capital by 122.22% by providing precedence shares value 165 million riyals. As the next desk reveals:
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Particulars of capital enhance
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Present capital
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135 million riyals
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Variety of shares
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13.5 million shares
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Capital after enhance
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300 million riyals
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Variety of shares after the rise
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30 million shares
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Enhance proportion
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122.22 %
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Nominal worth
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10 riyals
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Enhance methodology
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Providing rights shares of 16.5 million strange shares at a worth of 10 riyals per share, for a complete of 165 million riyals
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The explanation for the rise
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Enabling the corporate to implement its operational plans, help working capital, and strengthen its monetary place
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Date of enhance
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November 6, 2025 (these registered within the firm’s shareholder register on the Depository Middle on the finish of the second buying and selling day following the date of the extraordinary normal meeting)
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In response to the info accessible on numbersIn September 2024, the Extraordinary Basic Meeting of Sadq Firm had accepted the Board of Administrators’ suggestion to cut back the corporate’s capital from 400 million riyals to 135 million riyals, at a price of 66.25%, by canceling 26.5 million shares of the corporate’s shares as a way to restructure the corporate’s capital to extinguish the gathered losses.
