NASEEJ INTERNATIONAL TRADING COMPANY ANNOUNCEMENT OF THE SPECIFICATION OF THE PERIOD FOR RIGHTS ISSUE TRADING AND NEW SHARES SUBSCRIPTION
November 08, 2021 at 12:28 am EST
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A1213 NASEEJ3.85 (9.91 %) 1443/04/03 Mon Nov 8, 2021 08:03:41
NASEEJ INTERNATIONAL TRADING COMPANY ANNOUNCEMENT OF THE SPECIFICATION OF THE PERIOD FOR RIGHTS ISSUE TRADING AND NEW SHARES SUBSCRIPTION
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Explanation
Introduction
Naseej International Trading Company announces the specification of the period for rights issue trading and new shares subscription.
Right Issuses and New Shares Subscription Period Start Date
2021-11-09 Corresponding to 1443-04-04
Right Issues Trading Period End Date
2021-11-16 Corresponding to 1443-04-11
New Shares Subscription Period End Date
2021-11-21 Corresponding to 1443-04-16
Trading Right Issues and Subscription to New Shares
Holders of right Issues are allowed to exercise their right to subscribe in new shares (in full or in part) up to the number of right issues available in their portfolios, trading in right issues and subscription to new shares for registered shareholders and new investors shall be as per the prospectus.
Details on Remaining Offering
With regard to the details of the remaining offering, the company would like to alert the investors that in the event that shares remain unsubscribed, those remaining shares and fractional shares (if any) will be offered to institutional investors according to what is mentioned in the prospectus, as will the underwriter "Wasatah Capital" shall undertake to underwrite the rights issue of Naseej International Trading Company in the event that the entire subscription is not fully covered.
Notification for Investors not Willing to Subscribe
With regard to investors that don't intend to subscribe, the Company emphasizes on the importance of selling their rights during the allocated trading period; so as not be exposed to a loss in the value of their investment portfolios as a result of not benefiting from their rights by sale or by subscription.
For Daily Fluctuation in Right Issues Closing Prices during Rights Trading Period
Eligible shareholders are those holding shares on the day of convening the Extra-Ordinary General Assembly that has been hold on Thursday 04-11-2021 Corresponding to 29-03-1443 H
In case of inquiries we hope to communicate with Investor Relations during daily working hours from 8:00 am to 4:00 pm through one of the following means.
Tel: +966 12 6222608
Email: otaha@al-sorayai.com
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.
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Al Sorayai Trading and Industrial Group Company SJSC published this content on 08 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2021 05:27:07 UTC.
Naseej International Trading Co., formerly Al Sorayai Trading and Industrial Group Company SJSC, is a Saudi Arabia-based company primarily engaged in the manufacturing, wholesale and retail trade of carpets, rugs, floors, furniture, antiques, wooden and metal blinds, office furniture, kitchens, blankets, bedspreads, curtain fabrics and accessories, artificial turf, among others. The Company's activities are divided into three main activities: Industrial activity, Commercial activity, Investment activity. The Industrial activity is engaged in the production of products. The Commercial activity is engaged in the wholesale and retail of the Company's products. The Investment activity is engaged in the investment activities. The company distributes and sells its products in the local and external market.