| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement made by the Saudi Industrial Investment Group (“SIIG”) on 17/08/1443H (corresponding to 20/03/2022G) in relation to inviting SIIG’s shareholders to its extraordinary general assembly meeting which includes the increase of SIIG’s capital, and with reference to SIIG’s announcement on 14/08/1443H (corresponding to 17/03/2022G) in respect of the recent developments relating to the contemplated acquisition transaction between SIIG and the National Petrochemical Company (“Petrochem”) (the “Transaction”), which included the publication of a number of documents relating to the Transaction that are as follows: (1) SIIG’s Shareholders’ Circular issued by SIIG to its shareholders; (2) the Offer Document issued by SIIG and addressed to the shareholders of Petrochem; and (3) the Transaction timetable (announcement link):
https://www.tadawul.com.sa/wps/poc?uri=link:Announcement&anCat=66&anId=67167&cs=2250&locale=en SIIG would like to announce changes to some of the procedures stipulated in the Transaction timetable that have been included in the Shareholders’ Circular, Offer Document, and Transaction timetable document. SIIG also attaches to this announcement updated versions thereof after reflecting said changes. |
| Date of Posting the Previous Announcement of Development on Tadawul’s Website | 2022-03-20 Corresponding to 1443-08-17 |
| URL of the Previous Announcement | Click Here |
| Change on the Development | The Transaction timetable (as referred in the Shareholders’ Circular, Offer Document, and Transaction timetable document) included the following procedures and expected key dates:
1. Publication of the invitation to SIIG EGM on the Tadawul website (referring to the possibility of holding a second meeting within an hour after the end of the first meeting if the first meeting was not quorate), which is expected to be on 14/08/1443H (corresponding to 17/03/2022G). 2. Publication of the invitation to Petrochem EGM on the Tadawul website (referring to the possibility of holding a second meeting within an hour after the end of the first meeting if the first meeting was not quorate), which is expected to be on 14/08/1443H (corresponding to 17/03/2022G). 3. The commencement of the electronic voting period for the SIIG EGM., which is expected to be on 6/09/1443H (corresponding to 07/04/2022G). 4. The commencement of the electronic voting period for the Petrochem EGM, which is expected to be on 06/09/1443H (corresponding to 07/04/2022G). The Transaction timetable (as referred in the Shareholders’ Circular, Offer Document, and Transaction timetable document) has been updated to reflect the expected/actual key dates of the aforesaid procedures, which are as follows: 1. Publication of the invitation to SIIG EGM on the Tadawul website (referring to the possibility of holding a second meeting within an hour after the end of the first meeting if the first meeting was not quorate), which has occurred on 17/08/1443H (corresponding to 20/03/2022G). 2. Publication of the invitation to Petrochem EGM on the Tadawul website (referring to the possibility of holding a second meeting within an hour after the end of the first meeting if the first meeting was not quorate), which has occurred on 17/08/1443H (corresponding to 20/03/2022G). 3. The commencement of the electronic voting period for the SIIG EGM, which is expected to be on 05/09/1443H (corresponding to 06/04/2022G). 4. The commencement of the electronic voting period for the Petrochem EGM, which is expected to be on 05/09/1443H (corresponding to 06/04/2022G). |
| Financial Impact on the change | No Impact |
| Attached Documents |  |
