| Element List | Explanation |
|---|---|
| Introduction | Al-Shehili Metal Industries Company announces a supplementary announcement regarding its previous announcement dated 01/07/1447H (corresponding to 21/12/2025G), concerning the Board of Directors’ invitation to shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) on 22/07/1447H (corresponding to 11/01/2026G). The Company would like to attach the supporting document for agenda item No. (15), relating to voting on the Board of Directors’ recommendation to re-determine the uses of the total IPO proceeds amounting to (40,000,000) forty million Saudi Riyals, as stated in the prospectus published on 28/01/2025G, to be used in accordance with what is set out in the attached statement (Attachment). |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-12-21 Corresponding to 1447-07-01 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Adding the attachment related to voting on the Board of Directors’ recommendation to re-determine the uses of the total IPO proceeds amounting to (40,000,000) forty million Saudi Riyals, as stated in the prospectus published on 28/01/2025G, to be used in accordance with what is set out in the attached statement (Attachment). It is noted that the proceeds will not be used for any purpose other than the expansion plan as set out in the attached IPO Proceeds Report. The timelines for the utilization of the IPO proceeds will also be updated and adhered to, and any material developments in this regard will be disclosed. |
| Financial Impact on the change | none |
| Additional Information | none |
| Attached Documents | Attached Documents |
