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The board of directors of the training and education company Al Khaleej “Al Khaleej Training” invited the shareholders to attend the extraordinary general meeting of November 3, 2021 to vote on the recommendation of the board of directors to increase the company’s capital by issuing subscription rights. of 200 million rials.
The company said in a statement on “Saudi Tadawul” today, Monday, that it plans to raise capital by offering priority stocks to acquire education assets.
He added that this will be done by offering and listing rights stock of 20 million common shares.
Eligibility will be for shareholders who own shares on the day of the extraordinary general meeting who are registered in the register of shareholders of the company at the Company Securities Depository Center “Le Center de Dépositaire” at the end of the second day of stock exchange following the date of the extraordinary general meeting.
The meeting votes on the modification of article VII of the articles of association of the company relating to the capital and the modification of article VIII of the articles of association of the company relating to the subscription of shares.
It should be noted that the current capital of the company is 450 million riyals, and becomes 650 million riyals after the increase.
In a separate statement, Al Khaleej Training and Education Company announced today, Monday, the availability of a rights issue prospectus on the Capital Markets Authority website and on Al’s website. Khaleej Company within the investor relations department, where the company wishes to put all the information relating to the proposed offer to shareholders and the public before the holding of the Extraordinary General Meeting.
The company had obtained the approval of the Capital Markets Authority to request a capital increase of the company by way of a capital increase.
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