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In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.

Al Khaleej Training and Education Company Announces the Submission of the Capital Increase application file by way of Rights Issue to the CMA

 

ELEMENT LIST EXPLANATION
Introduction

With reference to the announcement of Al Khaleej Training and Education Company dated 17/08/1442 AH corresponding to 30/03/022021 AD, regarding the Board of Directors’ recommendation issued on 30/03/2021 AD, to the Extraordinary General Assembly regarding an increase in the company’s capital by 200,000,000 Saudi riyals by offering 20,000,000 new rights issue shares, the proposed capital increase from 450 million Saudi riyals to 650 million Saudi riyals. Conditional on obtaining the approval of the relevant official authorities and the extraordinary general assembly.

Accordingly, the company submitted a file to increase the company’s capital through a rights issue to the Capital Market Authority on Wednesday evening, June 30, 2021 AD.
Date of Submitting the Application File to CMA 2021-06-30 Corresponding to 1442-11-20
Application Subject Increasing the company’s capital by offering rights shares, with a proposed increase in the company’s capital by 200,000,000 Saudi riyals, by offering 20,000,000 new ordinary shares, bringing the capital increase from 450 million Saudi riyals to 650 million Saudi riyals.
Date of Announcing Board Recommendation to Increase the Company’s Capital on Tadawul’s Website 2021-03-30 Corresponding to 1442-08-17
Additional Information Arab National Investment Company (ANB Invest) has been appointed, as financial advisor in relation to the Offering. The company will announce any future developments in this regard in due course

 

The Capital Market Authority and the Saudi Stock 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.