| Element List | Explanation |
|---|---|
| Announcement Detail | Advanced Building Industries Company "Senaat" announces that it has received a letter on 11/06/2026 from both Zamil Group Holding Company and Zamil Group Investment Co. Limited (the Sellers) regarding the transfer of ownership of (11,697,314) shares, representing 19.5% of the company's total share capital, to Abdullah Hamad Al Zamil Sons Holding Company, a closed joint-stock company (the buyer), which is owned by the Zamil family. The share transfer was completed through a private transaction after obtaining the required regulatory approvals. This transaction comes within the framework of an internal restructuring among the major shareholders, without resulting in any change to the company’s strategy or direction. Accordingly, this transfer has led to a change in the list of major shareholders in Advanced Building Industries “Senaat”. |
Advanced Building Industries Company announces that it has received a letter from one of its shareholders, owning more than (5%) of the company's shares, regarding the transfer of shares’ ownership.
AI Summary
- Zamil Group Holding Company and Zamil Group Investment Co. Limited transferred 11,697,314 shares of Advanced Building Industries Company (Senaat), representing 19.5% of the total share capital, to Abdullah Hamad Al Zamil Sons Holding Company.
- The private transaction was completed following regulatory approvals as part of an internal restructuring among major shareholders within the Zamil family.
- The company stated that this transfer will result in a change to the list of major shareholders but will not impact its current strategy or direction.
