Saudi Cable Company announced on March 12, 2026 a revision to its rights issue offering application previously submitted to the Capital Market Authority. The company has modified its capital increase plan from the original proposal of issuing 40,000,000 shares at 10 Saudi Riyals per share to a revised structure of 12,500,000 shares at 32 Saudi Riyals per share, while maintaining the total offering amount at 400,000,000 Saudi Riyals. Under the revised plan, the company's share capital will increase from 66,729,060 Saudi Riyals to 191,729,060 Saudi Riyals, with 10 Saudi Riyals representing the nominal value per share and 22 Saudi Riyals representing the issuance premium. The application remains under review by the Capital Market Authority and requires approval from the company's Extraordinary General Assembly.

Original announcement:

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