The Saudi Industrial Investment Group Announces the date of Depositing the Compensation Amounts for the Written-off Shares Resulted from the Reduction of the Company's Capital (that Exceeds the Company's Need)
| Element List | Explanation |
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| Announcement Detail | Further to Saudi Industrial Investment Group (SIIG) announcement published on Tadawul's website on 22/5/2025 regarding the results of SIIG Extraordinary General Assembly (EGM) which approved the capital reduction and compensate the eligible shareholders for cancelled shares. SIIG wishes to announce to its shareholders that the deposit of compensation amounts resulting from the cancellation of shares resulting from the reduction of the Company's capital to the eligible shareholders will take place on the date of 16-12-1446 corresponding to 12-6-2025 AD, by depositing them directly in the bank accounts of the eligible shareholders linked to their investment portfolios.
Eligibility Date: The Extraordinary General Assembly, held on 23-11-1446, corresponding to 21-5-2025. Date of deposit of compensation for cancellation of shares resulting from the reduction of the company's capital: 16-12-1446 corresponding to 12-6-2025 M Any fractional shares resulting from the Capital Reduction, if any, will be collected into one portfolio and sold in the market at the prevailing price. The proceeds from the sale will be distributed to the entitled shareholders based on their respective shares in the fractional shares within thirty (30) days from the EGA's approval of the reduction. For enquires please contact Investor Relations at (0112792522) extension number 301 or at the email address: info@siig.com.sa. |
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