News & Announcements

09 May, 2024 15:43

Saudi Cable Co. Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues

Element List	Explanation
Introduction	With reference to Saudi Cable Company ’s announcement published on the Saudi Stock Exchange’s “Tadawul” website on 01/11/1445 corresponding to 09/05/2024 regarding the Board of Directors’ recommendation to increase its Capital by SAR 400,000,000 through Rights Issue, the Company announces the appointment of Al Bilad Capital as the financial advisor to manage the subscription of the capital increase by offering rights issue application.
Name of Financial Advisor	Al Bilad Capital
Financial Advisor Appointment Date	2024-05-09 Corresponding to 1445-11-01
Additional Information	Saudi Cable Company will make an announcement upon submitting the application of the Capital Increase by offering Rights Issue to the Capital Market Authority and any other material developments pertaining to the subject once occurring in accordance with the Capital Market Authority’s regulations and the Saudi Exchange’s (Tadawul) rules. In this regard, Saudi Cable Company's management thanks the financial companies that submitted pledge offers to cover the capital for their confidence in the company and its management, and wishes everyone success.

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