AlKhair Capital is among the international Banks that have Successfully Closed the Fifth Tranche of Dar Al-Arkan’s USD denominated International Islamic Sukuk Program, Raising SAR 1.875 Billion (USD 500 Million)

During the extraordinary general assembly meeting (third meeting) that was held on 09/10/2018, the necessary votes were obtained to approve the recommendation of the Company’s Board of Directors to increase the Company’s capital by SAR 54,000,000 by way of offering and listing 5,400,000 right shares. The rights will be deposited in the form of securities in the portfolios of the eligible shareholders, who are registered in the Company's share register maintained with Securities Depository Center Company (“Edaa”) on 11/10/2018, which is the end of the second trading day post the extraordinary general assembly meeting. As per the prospectus the offering period is 9 days whereby the trading and subscription period of the rights issue will commence on 15/10/2018 and the trading period will end on 22/10/2018 whereas the subscription period will end on 25/10/2018