| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | With reference to FIPCO announcement on 22/07/1443H Corresponding to 23/02/2022G regarding the board of directors’ recommendation to a capital increase through rights issue at the amount of SR 115,000,000.
FIPCO is pleased to announce its submission on Tuesday 11 / 01 / 1444H corresponding to 09 / 08 / 2022G the application file for approval to increase the company’s capital by offering of rights issue to the Capital Market Authority. Noting that Al Wasatah Al Maliah Company (Wasatah Capital) has been appointed as the financial advisor for the offering.
FIPCO will announce later for any developments in this regard. |
| Date of Submitting the Application File to CMA | 2022-08-09 Corresponding to 1444-01-11 |
| Application Subject | Increasing the capital by offering of rights issue at the amount of SR 115,000,000 |
| Date of Announcing Board Recommendation to Increase the Company’s Capital on Tadawul’s Website | 2022-02-23 Corresponding to 1443-07-22 |
| Additional Information | Any developments in this regard will be announced later |
