Wafrah for Industry and Development Co. Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues

Introduction With reference to the announcement by Wafrah for Industry and Development Co. on 23-05-2021, corresponding to 11-10-1442, concerning the Board of Directors’ recommendation to increase company’s capital by offering rights issue shares, the company is pleased to announce the appointment of a financial advisor to manage the increase of the company’s capital by offering Rights issue shares
Name of Financial Advisor Aljazira Capital
Financial Advisor Appointment Date 2021-07-15 Corresponding to 1442-12-05
Reason for Replacing Financial Advisor N/A
Additional Information The company will announce when submitting the capital increase application file to the Capital Market Authority and whenever there are any future developments in this regards.

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