| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Molan Steel Co. on the Saudi Stock Exchange (Tadawul) website dated 10/04/1446 AH (13/10/2024), which included the Board of Directors' recommendation to increase the company's capital by twenty-six million six hundred thousand (SAR 26,600,000) through a rights issue, subject to obtaining the necessary approvals from the relevant regulatory authorities and the Extraordinary General Assembly, The company wishes to announce that it submitted its application for a capital increase through a rights issue to the Capital Market Authority on 15-05-1447 AH (6 November 2025). |
| Date of Submitting the Application File to CMA | 2025-11-06 Corresponding to 1447-05-15 |
| Application Subject | The company's capital will be increased from twenty-six million six hundred thousand (26,600,000) Saudi Riyals to fifty-three million two hundred thousand (53,200,000) Saudi Riyals through the issuance of a rights issue with a total amount of twenty-six million six hundred thousand (26,600,000) Saudi Riyals. |
| Date of Announcing Board Recommendation to Increase the Company’s Capital by offering rights issue on Saudi Exchange’s Website | 2024-10-13 Corresponding to 1446-04-10 |
| Additional Information | Shareholders are advised that the capital increase is subject to all relevant regulatory approvals, including approval from the company's Extraordinary General Assembly. The company will announce any material developments in this regard in due course, in accordance with the regulations of the Capital Market Authority and the rules of the Saudi Stock Exchange (Tadawul). |
