Announcement by Riyadh Cables Group Company regarding its receipt of a letter from one of its major shareholders concerning the transfer of 9 million shares to a company owned by him

RIYADH CABLESTadawulMay 20, 2026View on exchange

AI Summary

Major shareholder Ahmad Samer bin Hamdi Alzaim is transferring 9 million shares from his personal portfolio to Ahmad Samer Hamdi Alzaim Company, which he owns at 99.99%.
The transfer represents 6% of the total shares of Riyadh Cables Group Company.
The transaction is part of an internal ownership reorganization and has resulted in a change to the company's list of major shareholders.

Element List	Explanation
Announcement Detail	Riyadh Cables Group Company announces that it has received a letter from the shareholder Mr. Ahmad Samer bin Hamdi Alzaim, in his capacity as one of the Company’s major shareholders, stating his intention to reorganize and restructure his ownership between his personal portfolio and the portfolio of a company owned by him at 99.99%, by transferring nine million shares from his personal portfolio to the portfolio of Ahmad Samer Hamdi Alzaim Company – Closed Joint Stock Company, representing 6% of the total shares of Riyadh Cables Group Company. The Company would like to clarify that Ahmad Samer Hamdi Alzaim Company – Closed Joint Stock Company – is directly owned by the shareholder Mr. Ahmad Samer bin Hamdi Al Zaim at 99.99%. Accordingly, the aforementioned transfer has resulted in a change in the list of major shareholders of Riyadh Cables Group Company.

Element List

Explanation

Announcement Detail

Riyadh Cables Group Company announces that it has received a letter from the shareholder Mr. Ahmad Samer bin Hamdi Alzaim, in his capacity as one of the Company’s major shareholders, stating his intention to reorganize and restructure his ownership between his personal portfolio and the portfolio of a company owned by him at 99.99%, by transferring nine million shares from his personal portfolio to the portfolio of Ahmad Samer Hamdi Alzaim Company – Closed Joint Stock Company, representing 6% of the total shares of Riyadh Cables Group Company.

The Company would like to clarify that Ahmad Samer Hamdi Alzaim Company – Closed Joint Stock Company – is directly owned by the shareholder Mr. Ahmad Samer bin Hamdi Al Zaim at 99.99%. Accordingly, the aforementioned transfer has resulted in a change in the list of major shareholders of Riyadh Cables Group Company.